Bank of New York Mellon Corp Sells 486 Shares of Enstar Group Limited (NASDAQ:ESGR)

Bank of New York Mellon Corp decreased its position in Enstar Group Limited (NASDAQ:ESGR) by 1.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 40,266 shares of the insurance provider’s stock after selling 486 shares during the period. Bank of New York Mellon Corp owned about 0.27% of Enstar Group worth $13,384,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its holdings in Enstar Group by 175.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider’s stock worth $83,177,000 after acquiring an additional 164,649 shares in the last quarter. Norges Bank acquired a new position in shares of Enstar Group during the 4th quarter worth approximately $42,516,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Enstar Group by 1,219.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,180 shares of the insurance provider’s stock worth $20,025,000 after purchasing an additional 57,469 shares in the last quarter. Syquant Capital Sas boosted its holdings in shares of Enstar Group by 336.7% in the 1st quarter. Syquant Capital Sas now owns 71,807 shares of the insurance provider’s stock valued at $23,867,000 after buying an additional 55,365 shares during the last quarter. Finally, Fort Baker Capital Management LP grew its stake in shares of Enstar Group by 82.9% in the fourth quarter. Fort Baker Capital Management LP now owns 106,013 shares of the insurance provider’s stock valued at $34,141,000 after buying an additional 48,035 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Enstar Group in a research note on Saturday, April 5th. They issued a “hold” rating on the stock.

Insider Activity at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Enstar Group Price Performance

Enstar Group stock opened at $337.91 on Friday. The stock’s fifty day moving average price is $336.14 and its two-hundred day moving average price is $332.70. The firm has a market cap of $5.04 billion, a PE ratio of 10.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. Enstar Group Limited has a one year low of $318.25 and a one year high of $348.48.

About Enstar Group

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.