Sequoia Financial Advisors LLC Sells 8,727 Shares of Enstar Group Limited (NASDAQ:ESGR)

Sequoia Financial Advisors LLC reduced its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 31.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,330 shares of the insurance provider's stock after selling 8,727 shares during the period. Sequoia Financial Advisors LLC owned 0.13% of Enstar Group worth $6,425,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESGR. NewEdge Advisors LLC lifted its holdings in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after buying an additional 31 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Enstar Group by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider's stock worth $427,000 after acquiring an additional 42 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Enstar Group by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider's stock worth $573,000 after acquiring an additional 43 shares in the last quarter. Xponance Inc. lifted its stake in shares of Enstar Group by 9.5% in the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider's stock valued at $293,000 after purchasing an additional 79 shares during the period. Finally, Swiss National Bank boosted its position in shares of Enstar Group by 0.4% during the fourth quarter. Swiss National Bank now owns 23,900 shares of the insurance provider's stock valued at $7,697,000 after purchasing an additional 100 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Stock Up 0.5%

Shares of NASDAQ:ESGR traded up $1.55 during midday trading on Tuesday, reaching $337.91. The company's stock had a trading volume of 237,906 shares, compared to its average volume of 106,595. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $335.15 and a 200-day moving average of $331.29. The firm has a market capitalization of $5.04 billion, a P/E ratio of 10.76 and a beta of 0.70. Enstar Group Limited has a 12-month low of $315.94 and a 12-month high of $348.48.

Insider Activity at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Enstar Group in a report on Saturday, April 5th. They issued a "hold" rating for the company.

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.