Northern Trust Corp Has $40.19 Million Position in Enstar Group Limited (NASDAQ:ESGR)

Northern Trust Corp trimmed its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,805 shares of the insurance provider's stock after selling 17,836 shares during the quarter. Northern Trust Corp owned 0.82% of Enstar Group worth $40,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ESGR. Key Financial Inc bought a new position in shares of Enstar Group during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC boosted its stake in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group in the 4th quarter valued at $96,000. Sterling Capital Management LLC grew its holdings in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after purchasing an additional 363 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after purchasing an additional 137 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating on the stock.

Enstar Group Price Performance

ESGR stock traded up $0.21 during midday trading on Thursday, reaching $334.61. 22,940 shares of the company's stock traded hands, compared to its average volume of 99,730. The company has a 50-day simple moving average of $333.05 and a two-hundred day simple moving average of $328.68. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 1-year low of $291.90 and a 1-year high of $348.48. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 5.07 and a beta of 0.71.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The company had revenue of $240.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Buying and Selling at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company's stock.

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.