Key Financial Inc Invests $52,000 in Enstar Group Limited (NASDAQ:ESGR)

Key Financial Inc purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 163 shares of the insurance provider’s stock, valued at approximately $52,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after purchasing an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in Enstar Group in the fourth quarter worth about $5,346,000. Sequoia Financial Advisors LLC lifted its holdings in Enstar Group by 640.8% in the third quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after acquiring an additional 22,761 shares during the last quarter. Citigroup Inc. lifted its holdings in Enstar Group by 10.6% in the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Syquant Capital Sas bought a new position in Enstar Group in the fourth quarter worth about $5,295,000. Institutional investors own 81.01% of the company’s stock.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Sunday. They issued a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $332.28 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $325.93 and its two-hundred day moving average price is $323.93. Enstar Group Limited has a 52-week low of $275.02 and a 52-week high of $348.48. The stock has a market capitalization of $5.06 billion, a P/E ratio of 5.03 and a beta of 0.64.

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.