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

Sequoia Financial Advisors LLC lowered its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 31.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,330 shares of the insurance provider's stock after selling 8,727 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.13% of Enstar Group worth $6,425,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. lifted its position in Enstar Group by 521.9% during the first quarter. Blue Trust Inc. now owns 199 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 167 shares during the last quarter. NewEdge Advisors LLC lifted its position in Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after acquiring an additional 31 shares during the last quarter. Vestcor Inc purchased a new stake in Enstar Group during the fourth quarter valued at approximately $96,000. Sterling Capital Management LLC lifted its position in Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 363 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Enstar Group in the fourth quarter worth $171,000. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.00% of the company's stock.

Enstar Group Trading Down 0.1%

NASDAQ ESGR opened at $336.03 on Friday. The company has a fifty day simple moving average of $335.02 and a two-hundred day simple moving average of $331.09. The stock has a market cap of $5.01 billion, a P/E ratio of 10.70 and a beta of 0.71. Enstar Group Limited has a 12-month low of $303.45 and a 12-month high of $348.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

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.

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