Northern Trust Corp Lowers Holdings in Enstar Group Limited (NASDAQ:ESGR)

Northern Trust Corp lowered its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 12.5% in the 4th quarter, according to its most recent Form 13F filing 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 approximately 0.82% of Enstar Group worth $40,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESGR. Tudor Investment Corp ET AL grew its holdings in Enstar Group by 175.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after buying an additional 164,649 shares in the last quarter. Norges Bank bought a new position in shares of Enstar Group during the fourth quarter worth $42,516,000. Decagon Asset Management LLP purchased a new position in Enstar Group during the fourth quarter valued at $32,614,000. Marshall Wace LLP increased its holdings in Enstar Group by 869.7% in the 4th quarter. Marshall Wace LLP now owns 45,574 shares of the insurance provider's stock valued at $14,677,000 after acquiring an additional 40,874 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in shares of Enstar Group by 65.2% during the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock valued at $23,232,000 after purchasing an additional 28,476 shares during the last quarter. Institutional investors own 81.01% of the company's stock.

Insider Activity

In other 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 transaction 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 the firm's stock in a transaction that occurred on 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating for the company.

Enstar Group Trading Up 0.2 %

Shares of ESGR opened at $334.03 on Friday. The stock has a market capitalization of $4.97 billion, a PE ratio of 5.06 and a beta of 0.71. The company's fifty day moving average is $332.85 and its 200 day moving average is $328.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48.

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

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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