M&T Bank Corp Lowers Stake in Enstar Group Limited (NASDAQ:ESGR)

M&T Bank Corp lessened its holdings in Enstar Group Limited (NASDAQ:ESGR) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 979 shares of the insurance provider’s stock after selling 37 shares during the quarter. M&T Bank Corp’s holdings in Enstar Group were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC increased its position in Enstar Group by 57.6% during the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after buying an additional 68 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enstar Group by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock valued at $526,000 after acquiring an additional 65 shares in the last quarter. Catalyst Financial Partners LLC purchased a new position in shares of Enstar Group in the 2nd quarter worth about $205,000. Bank of New York Mellon Corp boosted its stake in Enstar Group by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider’s stock worth $15,577,000 after purchasing an additional 5,827 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock valued at $126,087,000 after purchasing an additional 9,520 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

Shares of ESGR opened at $322.29 on Thursday. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65. The business’s fifty day simple moving average is $324.24 and its two-hundred day simple moving average is $321.29. Enstar Group Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $177.00 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Saturday, December 14th. They issued a “hold” rating for the company.

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.