Raymond James Financial Inc. Invests $2.35 Million in Enstar Group Limited (NASDAQ:ESGR)

Raymond James Financial Inc. acquired a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,295 shares of the insurance provider's stock, valued at approximately $2,349,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in shares of Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider's stock valued at $1,303,000 after acquiring an additional 90 shares during the last quarter. Janus Henderson Group PLC increased its stake in Enstar Group by 0.8% during the third quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider's stock valued at $4,188,000 after purchasing an additional 98 shares during the last quarter. KBC Group NV raised 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 worth $155,000 after purchasing an additional 137 shares during the period. Oliver Luxxe Assets LLC lifted its position in shares of Enstar Group by 2.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock worth $1,956,000 after buying an additional 155 shares during the last quarter. Finally, Key Financial Inc acquired a new position in shares of Enstar Group in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 81.01% of the company's stock.

Insiders Place Their Bets

In related news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Friday, March 28th. They issued a "hold" rating on the stock.

Enstar Group Stock Performance

NASDAQ:ESGR traded up $0.21 during midday trading on Wednesday, reaching $332.27. 65,242 shares of the company traded hands, compared to its average volume of 92,145. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The company has a fifty day moving average price of $330.68 and a 200 day moving average price of $326.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group Limited has a twelve month low of $275.02 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The business 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.