ClearAlpha Technologies LP Takes Position in Enstar Group Limited (NASDAQ:ESGR)

ClearAlpha Technologies LP acquired a new position in Enstar Group Limited (NASDAQ:ESGR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,159 shares of the insurance provider’s stock, valued at approximately $1,981,000. Enstar Group makes up approximately 0.6% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 26th largest position.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after buying an additional 9,520 shares in the last quarter. Harspring Capital Management LLC raised its position in Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after purchasing an additional 6,750 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of Enstar Group during the third quarter valued at $59,941,000. Finally, American Century Companies Inc. boosted its stake in shares of Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares during the last quarter. 81.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Thursday. They set a “hold” rating on the stock.

Enstar Group Trading Down 0.2 %

Shares of Enstar Group stock opened at $324.70 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $323.16 and its 200-day moving average is $319.95. The stock has a market cap of $4.95 billion, a P/E ratio of 4.92 and a beta of 0.65. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The company had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.