Raymond James Financial Inc. Takes Position in Enstar Group Limited (NASDAQ:ESGR)

Raymond James Financial Inc. purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,295 shares of the insurance provider’s stock, valued at approximately $2,349,000.

A number of other large investors also recently bought and sold shares of the business. Citigroup Inc. lifted its position in shares of Enstar Group by 10.6% during the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares during the last quarter. Cerity Partners LLC increased 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 buying an additional 90 shares during the period. BNP Paribas Financial Markets lifted its holdings in Enstar Group by 35.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock valued at $2,080,000 after buying an additional 1,692 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Enstar Group by 57.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the insurance provider’s stock valued at $690,000 after buying an additional 782 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Enstar Group by 49.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642 shares of the insurance provider’s stock worth $9,533,000 after acquiring an additional 9,807 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Trading Down 0.1 %

Shares of NASDAQ ESGR opened at $332.37 on Friday. Enstar Group Limited has a twelve month low of $275.02 and a twelve month high of $348.48. The firm has a market cap of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61. The business has a fifty day simple moving average of $330.37 and a two-hundred day simple moving average of $325.92. 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 (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 return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $240.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Friday. They set a “hold” rating for the company.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.00% of the company’s stock.

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.