16,714 Shares in Enstar Group Limited (NASDAQ:ESGR) Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial bought a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,714 shares of the insurance provider’s stock, valued at approximately $5,383,000. Enstar Group comprises 0.7% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds have also modified their holdings of the stock. Key Financial Inc acquired a new position in Enstar Group in the 4th quarter worth approximately $52,000. NewEdge Advisors LLC lifted its holdings in shares of Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group in the fourth quarter worth $96,000. Sterling Capital Management LLC boosted its position in shares of Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after buying an additional 363 shares during the period. Finally, KBC Group NV grew its holdings in shares of Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after buying an additional 137 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Price Performance

Shares of ESGR opened at $334.58 on Friday. The business’s 50-day moving average is $333.43 and its 200-day moving average is $329.24. 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 capitalization of $4.99 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48.

Enstar Group (NASDAQ:ESGR) last released 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Enstar Group in a research note on Saturday, April 5th. They issued a “hold” rating for the company.

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

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.