Cibc World Markets Corp Makes New Investment in Enstar Group Limited (NASDAQ:ESGR)

Cibc World Markets Corp acquired a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,184 shares of the insurance provider’s stock, valued at approximately $381,000.

Several other institutional investors have also modified their holdings of ESGR. Glazer Capital LLC bought a new position in shares of Enstar Group during the 3rd quarter valued at approximately $59,941,000. Slotnik Capital LLC purchased a new position in Enstar Group during the third quarter worth $10,291,000. Picton Mahoney Asset Management increased its position in Enstar Group by 65.2% during the fourth quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider’s stock valued at $23,232,000 after acquiring an additional 28,476 shares during the last quarter. Alpine Associates Management Inc. raised its stake in shares of Enstar Group by 22.9% in the fourth quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider’s stock valued at $30,104,000 after acquiring an additional 17,400 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Enstar Group in the 4th quarter worth about $5,346,000. 81.01% of the stock is owned by institutional investors.

Enstar Group Trading Up 0.0 %

ESGR opened at $332.05 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s 50 day moving average price is $329.76 and its 200-day moving average price is $325.49. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last posted 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 return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $240.00 million during the quarter.

Insider Transactions at Enstar Group

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

Analyst Ratings Changes

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

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.