Credit Industriel ET Commercial Invests $5.38 Million in Enstar Group Limited (NASDAQ:ESGR)

Credit Industriel ET Commercial purchased a new position in Enstar Group Limited (NASDAQ:ESGR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,714 shares of the insurance provider’s stock, valued at approximately $5,383,000. Enstar Group makes up about 0.7% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 15th largest holding. Credit Industriel ET Commercial owned 0.11% of Enstar Group at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc acquired a new position in Enstar Group during the 4th quarter worth $52,000. NewEdge Advisors LLC lifted its stake in Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in Enstar Group during the 4th quarter valued at $96,000. Sterling Capital Management LLC increased its holdings in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 363 shares during the period. Finally, KBC Group NV boosted its stake in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after buying an additional 137 shares during the period. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

ESGR opened at $334.15 on Thursday. The stock’s 50 day moving average price is $332.40 and its two-hundred day moving average price is $327.50. The firm has a market capitalization of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 12-month low of $286.80 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (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.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a “hold” rating for the company.

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.00% of the stock is owned by corporate insiders.

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.