Corient Private Wealth LLC Takes Position in Enstar Group Limited (NASDAQ:ESGR)

Corient Private Wealth LLC acquired a new position in Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,098 shares of the insurance provider’s stock, valued at approximately $354,000.

Several other institutional investors have also added to or reduced their stakes in ESGR. Key Financial Inc acquired a new position in shares of Enstar Group in the 4th quarter worth approximately $52,000. Vestcor Inc acquired a new position in Enstar Group in the fourth quarter valued at $96,000. KBC Group NV boosted its position in 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 acquiring an additional 137 shares during the last quarter. R Squared Ltd acquired a new stake in Enstar Group during the 4th quarter worth about $174,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Enstar Group by 484.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 727 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group 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 legal filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Enstar Group in a research report on Friday. They set a “hold” rating on the stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $332.37 on Monday. 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 twelve month low of $275.02 and a twelve month high of $348.48. The company has a fifty day moving average of $330.37 and a 200-day moving average of $325.96. The firm has a market capitalization of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The firm had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.