Bank of New York Mellon Corp Cuts Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Bank of New York Mellon Corp cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,752 shares of the insurance provider’s stock after selling 180 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of Enstar Group worth $13,124,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ESGR. US Bancorp DE raised its stake in shares of Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after buying an additional 61 shares during the period. Cerity Partners LLC raised its stake in Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after acquiring an additional 90 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Enstar Group by 1.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 6,110 shares of the insurance provider’s stock valued at $1,965,000 after purchasing an additional 94 shares during the last quarter. Janus Henderson Group PLC boosted its position in Enstar Group by 0.8% during the third quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock worth $4,188,000 after purchasing an additional 98 shares during the period. Finally, KBC Group NV increased its stake in shares of Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the transaction, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

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

Enstar Group Price Performance

Enstar Group stock opened at $331.80 on Thursday. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48. The business has a fifty day moving average price of $328.76 and a 200-day moving average price of $325.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.94 billion, a P/E ratio of 5.02 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million during the quarter.

Enstar Group 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.