Credit Industriel ET Commercial Makes New Investment in Enstar Group Limited (NASDAQ:ESGR)

Credit Industriel ET Commercial purchased a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,714 shares of the insurance provider's stock, valued at approximately $5,383,000. Enstar Group accounts for 0.7% of Credit Industriel ET Commercial's holdings, making the stock its 15th biggest position. Credit Industriel ET Commercial owned approximately 0.11% of Enstar Group as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ESGR. Cigogne Management SA purchased a new stake in shares of Enstar Group during the fourth quarter worth $4,808,000. Price T Rowe Associates Inc. MD boosted its stake in Enstar Group by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,223 shares of the insurance provider's stock worth $2,971,000 after buying an additional 894 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Enstar Group by 27.0% in the 4th quarter. Hsbc Holdings PLC now owns 44,860 shares of the insurance provider's stock valued at $14,461,000 after purchasing an additional 9,543 shares in the last quarter. ClearAlpha Technologies LP grew its stake in shares of Enstar Group by 5.0% during the fourth quarter. ClearAlpha Technologies LP now owns 6,466 shares of the insurance provider's stock valued at $2,082,000 after buying an additional 307 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Enstar Group by 479.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,450 shares of the insurance provider's stock worth $789,000 after purchasing an additional 2,027 shares during the period. Hedge funds and other institutional investors own 81.01% of the company's stock.

Insider Buying and Selling

In related news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.00% of the stock is currently owned by insiders.

Enstar Group Trading Up 0.0 %

ESGR stock traded up $0.12 during trading on Tuesday, reaching $334.67. The company had a trading volume of 23,092 shares, compared to its average volume of 97,666. The business has a 50 day moving average of $332.53 and a 200 day moving average of $327.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $4.98 billion, a P/E ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a 52 week low of $287.99 and a 52 week high of $348.48.

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

Wall Street Analyst Weigh In

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

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.