Cibc World Markets Corp Invests $381,000 in Enstar Group Limited (NASDAQ:ESGR)

Cibc World Markets Corp acquired a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,184 shares of the insurance provider's stock, valued at approximately $381,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new position in shares of Enstar Group in the third quarter worth $50,000. Key Financial Inc bought a new position in Enstar Group in the 4th quarter worth about $52,000. Vestcor Inc bought a new position in Enstar Group in the 4th quarter worth about $96,000. KBC Group NV grew its holdings in 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 in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Enstar Group during the fourth quarter valued at about $174,000. Institutional investors own 81.01% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Thursday, March 20th. They issued a "hold" rating on the stock.

Enstar Group Price Performance

Shares of NASDAQ ESGR traded down $1.24 during mid-day trading on Thursday, reaching $332.75. 50,960 shares of the company were exchanged, compared to its average volume of 88,102. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The company's 50 day moving average price is $330.15 and its 200 day moving average price is $325.73. The stock has a market capitalization of $4.95 billion, a PE ratio of 5.04 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

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Enstar Group (NASDAQ:ESGR - Get Free Report) last announced 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.

Insiders Place Their Bets

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction 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 filing with the SEC, which can be accessed through this hyperlink. 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.