Bank of New York Mellon Corp Sells 180 Shares of Enstar Group Limited (NASDAQ:ESGR)

Bank of New York Mellon Corp lessened its holdings in Enstar Group Limited (NASDAQ:ESGR) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,752 shares of the insurance provider’s stock after selling 180 shares during the quarter. Bank of New York Mellon Corp’s holdings in Enstar Group were worth $13,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of ESGR. Longfellow Investment Management Co. LLC bought a new stake in Enstar Group in the third quarter valued at approximately $50,000. Key Financial Inc purchased a new stake in Enstar Group during the 4th quarter valued at $52,000. US Bancorp DE grew its holdings in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the last quarter. KBC Group NV grew its holdings in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 137 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Enstar Group in the fourth quarter valued at about $174,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Trading Up 0.1 %

NASDAQ ESGR opened at $331.80 on Thursday. The stock has a market cap of $4.94 billion, a P/E ratio of 5.02 and a beta of 0.61. Enstar Group Limited has a fifty-two week low of $275.02 and a fifty-two week high of $348.48. The stock has a 50 day simple moving average of $328.76 and a two-hundred day simple moving average of $325.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share 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 for the quarter.

Insider Activity at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enstar Group in a report on Wednesday. They set a “hold” rating for the company.

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.