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Enstar Gr (NASDAQ:ESGR) Stock, Chaîne d'Options

Enstar Gr

Enstar Group Ltd is a (re)insurance group that offers capital release solutions through its network of group companies. It seeks to create value by managing (re)insurance companies and portfolios of (re)insurance and other liability businesses in run-off and striving to generate an attractive risk-adjusted return from its investment portfolio. Its operations are through two reportable segments: Run-off segment and Investments segment.

Enstar Group Ltd

Enstar Group Limited - Depository Shares 7.00% Perpetual Non-Cumulative Preference Shares, Series E

Enstar Group Limited - Depositary Shares Each Representing 1/1000th of an interest in Preference Shares

AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) and Enstar Group Limited ("Enstar") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>) today announced that they have entered into a loss portfolio transfer ("LPT") reinsurance agreement covering a portfolio of reinsurance segment business. The closing of the transaction is subject to regulatory approvals and other customary conditions, and is expected to occur during the first half of 2025.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20241216042669/en/">https://www.businesswire.com/news/home/20241216042669/en/</a>
Under the LPT reinsurance agreement, which is structured as a 75% ground-up quota share, AXIS will retrocede to Enstar $2.3 billion of reinsurance segment reserves. This transaction is predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totaling $3.1 billion at September 30th. AXIS expects to recognize an approximate $60 million benefit from the excess of reserves ceded over the consideration over the next several years, according to the payment patterns of these reserves. AXIS will maintain claims control for the covered reserves subject to certain administrative rights of Enstar.
The LPT reinsurance agreement will be provided by Enstar's wholly owned subsidiary and S&amp;P 'A' financial strength rated reinsurance platform, Cavello Bay Reinsurance Limited.

News

ESGR

AXIS Advances Transition To Specialty Underwriter, Announces Loss Portfolio Transfer Reinsurance Agreement With Enstar On Reinsurance Segment Reserves; AXIS To Retrocede $2.3B Of Reinsurance Reserves To Enstar Under LPT Agreement; Expects $60M Benefit Over Several Years

Under the terms of the agreement, Enstar's subsidiary will provide $75 million of limit in excess of the existing $160 million ADC reinsurance coverage provided to such subsidiaries of James River by State National Insurance Company, Inc. earlier this year.&nbsp;
Enstar's subsidiary will also make a $12.5 million investment in James River common stock.

JRVR

Enstar Group Subsidiary Enters Adverse Development Cover Reinsurance Agreement With Certain Subsidiaries Of James River Group

Enstar Shareholders Approve Sixth Street Acquisition; Terms Not Disclosed

The Reinsurer underwrote property reinsurance business between 2020 and 2023 on behalf of third-party investors, assuming the risk through retrocession agreements with a fronting carrier. The Reinsurer had $66 million of shareholders' equity at the end of July 2024.
 &nbsp;

Enstar Group Subsidiary Cavello Bay Acquires A Bermuda-Domiciled Class 3B Insurer And Segregated Accounts Company; No Terms Disclosed

Enstar Announced The Expiration Of The 35-day "go-shop" Period As Provided In The Previously Announced Definitive Merger Agreement, Pursuant To Which Sixth Street, A Leading Global Investment Firm, Will Acquire Enstar For $5.1B

Enstar Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NYSE">ESGR</a>) short percent of float has fallen 26.56% since its last report. The company recently reported that it has 63 thousand shares sold short, which is 0.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enstar Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725035415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enstar Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enstar Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enstar Gr's peer group average for short interest as a percentage of float is 1.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Enstar Gr?

Under the terms of the agreement, Enstar&#39;s subsidiary will assume net loss reserves from QBE of&nbsp;$376 million, as of the effective date of July 1, 2024, and will provide approximately&nbsp;$175 million&nbsp;of cover in excess of the ceded reserves.
The transaction is expected to complete in the&nbsp;fourth quarter&nbsp;of 2024 upon receipt of regulatory approvals and satisfaction of other customary closing conditions.

Reported Earlier, Enstar To Assume $376M In Loss Reserves From QBE In Strategic Loss Portfolio Transfer Deal

Enstar Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NYSE">ESGR</a>) short percent of float has risen 14.52% since its last report. The company recently reported that it has 95 thousand shares sold short, which is 0.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enstar Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722879910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enstar Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enstar Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enstar Gr's peer group average for short interest as a percentage of float is 1.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

WIIM

Enstar Group shares are trading lower after the company announced it will be acquired by Sixth Street for $338 per share.

Trading Halt: Halt status updated at 7:40:00 AM ET: Quotation Resumption: News and Resumption Times

Enstar To Be Acquired By Sixth Street For $338 Per Share In Cash; Transaction Expected Close In Mid 2025, Subject To Approvals

Trading Halt: Halted at 6:55:00 a.m. ET - Trading Halt: Halt News Pending

Enstar Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NYSE">ESGR</a>) short percent of float has risen 16.98% since its last report. The company recently reported that it has 82 thousand shares sold short, which is 0.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enstar Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721412016_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enstar Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enstar Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enstar Gr's peer group average for short interest as a percentage of float is 1.75%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(ESGR) - Analyzing Enstar Gr's Short Interest

Enstar Group Signs Adverse Development Cover Agreement With Insurance Australia Limited

Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>) reported quarterly earnings of $8.02 per share. This is a 67.65 percent decrease over earnings of $24.79 per share from the same period last year. The company reported $250.00 million in sales this quarter. This is a 60.44 percent decrease over sales of $632.00 million the same period last year.

Earnings

Enstar Gr Q1 EPS $8.02 Down From $24.79 YoY, Sales $250.00M Down From $632.00M YoY

Enstar Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>) has announced today that one of its wholly-owned subsidiaries has reached an agreement for a loss portfolio transfer with a subsidiary of SiriusPoint Ltd. ("SiriusPoint") to reinsure a $400 million portfolio of Workers' Compensation business covering underwriting years 2018 to 2023. &nbsp;
Under the reinsurance agreement, which will be entered into at closing, SiriusPoint will cede net reserves of approximately $400 million, and Enstar's subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, with claims management transferring to Enstar.
The transaction, in which Guy Carpenter acted as the broker, will close upon receipt of regulatory approvals and satisfaction of other customary closing conditions.
Dominic Silvester, Enstar's Chief Executive Officer, said: "Our partnership with SiriusPoint aligns with our expertise and track record of outperformance in US Workers' Compensation and demonstrates our capabilities to structure and execute sophisticated risk solutions. For SiriusPoint, this bespoke transaction will help to support its long-term strategic, economic and operational goals."

Enstar Agrees $400M Loss Portfolio Transfer With SiriusPoint

Bond appetites are growing as more and more investors look to lock in high-yielding assets ahead of an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">expected decline in interest rates this year</a>. 
What To Know: Riskier forms of corporate debt with higher yields are becoming increasingly popular with the Federal Reserve expected to begin cutting rates later this year.
Investors are looking for opportunities to lock in current levels of high interest for years to come, and corporate bonds are one place they are looking. According to Reuters, a change in Moody&#8217;s approach to ratings last month has fueled the increased demand, especially for high-yielding bonds.
Benzinga used Public.com&#8217;s <a href="https://public.com/bonds/screener">bond screener tool</a> to identify some of the highest-yielding investment-grade corporate bonds with maximum liquidity. Here&#8217;s a look at the results:
<ul>
<li>Stanley Black &amp; Decker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>): 16.04% yield</li>
</ul>
<ul>
<li>Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>): 14.37% yield</li>
</ul>
<ul>
<li>Truist Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>): 11.7% yield</li>
</ul>
<ul>
<li>Quest Diagnostics Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>): 11.64% yield</li>
</ul>
<ul>
<li>Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>): 11.03% yield</li>
</ul>
<ul>
<li>Enstar Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>): 8.42% yield</li>
</ul>
<ul>
<li>Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): 8.3% yield</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">Fed Meeting Preview: These 2 Wall Street Analysts Still Expect 3 Cuts In 2024, But Bond Market Reflects Growing Uncertainty</a>
Here&#8217;s a look at some of the highest-yielding speculative-grade corporate bonds:
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) 33.59% yield</li>
</ul>
<ul>
<li>Hughes Satellite Systems Corp: 32.3% yield</li>
</ul>
<ul>
<li>DISH Network Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>): 29.59% yield</li>
</ul>
<ul>
<li>Office Properties Income Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>): 28.99% yield</li>
</ul>
Higher-yielding bonds offer higher interest rates because they have a much higher risk of default. Corporate bonds are also riskier than U.S. Treasury bonds because they are not backed by the government.
When a company with a higher estimated default risk issues bonds, it usually does so with higher rates to try to attract investors who may be considering government bonds or lower-rate corporate bonds with investment-grade credit ratings.
Check This Out: <a href="https://www.google.com/search?client=safari&amp;rls=en&amp;q=corporate+bonds+benzinga&amp;ie=UTF-8&amp;oe=UTF-8">How to Buy Corporate Bonds: A Step-By-Step Guide</a>
Photo: Funtap from Shutterstock.

General

DISH

AMC Entertainment Tops The List Of High-Yielding Corporate Bonds — A Look At Yields As Bond Appetites Grow

Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>) reported quarterly earnings of $39.71 per share. This is a 199.47 percent increase over earnings of $13.26 per share from the same period last year. The company reported $482.00 million in sales this quarter. This is a 161.96 percent increase over sales of $184.00 million the same period last year.

Enstar Gr Q4 EPS $39.71 Up From $13.26 YoY, Sales $482.00M Up From $184.00M YoY

Albaek Poul Winslow, Board Member at Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>), reported a large insider sell on November 9, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001363829/000136382923000197//Archives/edgar/data/1363829/000136382923000197/0001363829-23-000197-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Winslow sold 741,735 shares of Enstar Gr. The total transaction amounted to $168,509,508. 
Enstar Gr shares are trading down 0.0% at $256.81 at the time of this writing on Friday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001363829">Check Out The Full List Of Enstar Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Board Member At This Financials Company Sells $168.51M of Stock

Michael Francis Dominic Silvester, Chief Executive Officer at Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>), reported a large insider buy on November 8, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001363829/000136382923000193//Archives/edgar/data/1363829/000136382923000193/0001363829-23-000193-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Silvester purchased 45,000 shares of Enstar Gr. The total transaction amounted to $10,223,100. 
Enstar Gr shares are trading down 0.0% at $254.69 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001363829">Check Out The Full List Of Enstar Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Enstar Gr

Enstar Gr (ESGR) Options

Enstar Gr (NASDAQ:ESGR) Stock, Chaîne d'Options

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