Corient Private Wealth LLC Acquires Shares of 1,098 Enstar Group Limited (NASDAQ:ESGR)

Corient Private Wealth LLC bought a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,098 shares of the insurance provider’s stock, valued at approximately $354,000.

Several other large investors also recently modified their holdings of ESGR. Citigroup Inc. grew its stake in 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 buying an additional 1,198 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Enstar Group by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after acquiring an additional 90 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Enstar Group by 35.4% in the third quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock valued at $2,080,000 after acquiring an additional 1,692 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Enstar Group by 57.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 782 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Enstar Group by 49.4% during the third 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 purchasing an additional 9,807 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

Enstar Group Stock Down 0.1 %

Shares of NASDAQ ESGR opened at $332.37 on Monday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48. The stock has a 50-day moving average price of $330.37 and a two-hundred day moving average price of $325.96.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data 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 business had revenue of $240.00 million during the quarter.

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 8.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Enstar Group 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.