Mitsubishi UFJ Trust & Banking Corp Decreases Stake in Enstar Group Limited (NASDAQ:ESGR)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 41.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229 shares of the insurance provider’s stock after selling 165 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Enstar Group were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESGR. Xponance Inc. lifted its position in shares of Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 79 shares during the last quarter. Cerity Partners LLC grew its position in shares of Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after acquiring an additional 90 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Enstar Group by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock valued at $4,188,000 after acquiring an additional 98 shares in the last quarter. Swiss National Bank lifted its stake in Enstar Group by 0.4% during the fourth quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after purchasing an additional 100 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the period. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

Shares of ESGR stock opened at $332.27 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $330.68 and a two-hundred day moving average of $326.16. The company has a market cap of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Friday, March 28th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by insiders.

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.