Harbor Capital Advisors Inc. Lowers Stake in Enstar Group Limited (NASDAQ:ESGR)

Harbor Capital Advisors Inc. lessened its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 77.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,867 shares of the insurance provider's stock after selling 20,038 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Enstar Group were worth $1,889,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ESGR. Oliver Luxxe Assets LLC boosted its position in shares of Enstar Group by 2.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock valued at $1,956,000 after purchasing an additional 155 shares during the period. JPMorgan Chase & Co. increased its holdings in Enstar Group by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Enstar Group by 52.8% in the 3rd quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider's stock valued at $5,118,000 after purchasing an additional 5,489 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Enstar Group by 15.6% in the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock worth $738,000 after buying an additional 310 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Enstar Group during the third quarter worth approximately $547,000. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Tuesday, January 7th. They set a "hold" rating on the stock.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company's stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.00% of the company's stock.

Enstar Group Price Performance

NASDAQ ESGR traded down $0.92 on Friday, hitting $326.01. 254,022 shares of the company were exchanged, compared to its average volume of 125,920. The firm has a 50 day moving average of $324.36 and a two-hundred day moving average of $323.51. The company has a market cap of $4.97 billion, a P/E ratio of 4.94 and a beta of 0.65. Enstar Group Limited has a 1-year low of $262.54 and a 1-year 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The firm had revenue of $177.00 million during 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.