Credit Industriel ET Commercial acquired a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,714 shares of the insurance provider's stock, valued at approximately $5,383,000. Enstar Group accounts for about 0.7% of Credit Industriel ET Commercial's portfolio, making the stock its 17th largest holding. Credit Industriel ET Commercial owned approximately 0.11% of Enstar Group as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC boosted its stake in Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Vestcor Inc bought a new position in Enstar Group during the 4th quarter worth approximately $96,000. Sterling Capital Management LLC boosted its stake in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after acquiring an additional 363 shares during the last quarter. Finally, KBC Group NV boosted its stake in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after acquiring an additional 137 shares during the last quarter. 81.01% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on shares of Enstar Group in a research report on Saturday, April 5th. They issued a "hold" rating on the stock.
Check Out Our Latest Report on ESGR
Enstar Group Stock Performance
Shares of NASDAQ:ESGR traded up $0.02 on Friday, hitting $335.03. The company had a trading volume of 12,711 shares, compared to its average volume of 101,102. Enstar Group Limited has a 1-year low of $291.90 and a 1-year high of $348.48. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 5.07 and a beta of 0.71. The stock has a 50 day moving average price of $333.66 and a 200 day moving average price of $329.50. 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 posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS 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 during the quarter.
Insider Buying and Selling at Enstar Group
In other news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.
About Enstar Group
(
Free Report)
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.
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