Allspring Global Investments Holdings LLC Reduces Holdings in Enstar Group Limited (NASDAQ:ESGR)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 98.0% in the fourth quarter, HoldingsChannel reports. The firm owned 4,727 shares of the insurance provider’s stock after selling 235,582 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Enstar Group were worth $1,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. CWM LLC grew its stake in Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after acquiring an additional 41 shares during the period. US Bancorp DE grew its stake in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the period. Blue Trust Inc. grew its stake in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares during the period. Cerity Partners LLC grew its stake in 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 during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Enstar Group by 1.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 6,110 shares of the insurance provider’s stock worth $1,965,000 after acquiring an additional 94 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Stock Up 0.2 %

Shares of NASDAQ ESGR opened at $332.53 on Friday. Enstar Group Limited has a 52-week low of $275.02 and a 52-week high of $348.48. The firm has a fifty day moving average of $326.46 and a 200-day moving average of $324.16. The stock has a market capitalization of $5.07 billion, a PE ratio of 5.03 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Sunday, February 16th. They issued a “hold” rating for the company.

Insider Activity

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.00% of the company’s stock.

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.