Bank of New York Mellon Corp trimmed its position in Enstar Group Limited (NASDAQ:ESGR – Free Report) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,666 shares of the insurance provider’s stock after selling 238 shares during the period. Bank of New York Mellon Corp owned approximately 0.28% of Enstar Group worth $11,280,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ESGR. Advisor Group Holdings Inc. increased its position in Enstar Group by 34.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 421 shares of the insurance provider’s stock valued at $111,000 after buying an additional 108 shares in the last quarter. Raymond James & Associates increased its holdings in Enstar Group by 7.4% during the 1st quarter. Raymond James & Associates now owns 3,532 shares of the insurance provider’s stock worth $922,000 after purchasing an additional 243 shares in the last quarter. Vanguard Group Inc. increased its holdings in Enstar Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,069,955 shares of the insurance provider’s stock worth $279,419,000 after purchasing an additional 3,452 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Enstar Group by 142.9% during the 1st quarter. Mackenzie Financial Corp now owns 2,487 shares of the insurance provider’s stock worth $649,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Enstar Group by 0.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 254,349 shares of the insurance provider’s stock worth $66,423,000 after purchasing an additional 1,598 shares in the last quarter. 77.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ESGR. StockNews.com began coverage on Enstar Group in a report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet lowered Enstar Group from a “b-” rating to a “c+” rating in a report on Monday, August 21st.
Enstar Group Price Performance
Enstar Group stock opened at $257.37 on Friday. Enstar Group Limited has a 12 month low of $169.04 and a 12 month high of $271.39. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.41. The business’s 50 day simple moving average is $251.53 and its 200 day simple moving average is $245.67. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 19.37 and a beta of 0.60.
Enstar Group (NASDAQ:ESGR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $6.70 EPS for the quarter. The firm had revenue of $181.00 million during the quarter.
About Enstar Group
Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It engages in the run-off property and casualty, and other non-life lines insurance businesses. 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.
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