HAMILTON—Bernard F. Becker, a director at Enstar Group Ltd. (NASDAQ:ESGR), sold 100 ordinary shares of the company on December 19, 2024, at an average price of $323.435 per share. The total value of the transaction amounted to $32,343. Following this sale, Becker holds 2,178.804 shares, which includes 407.804 restricted ordinary shares scheduled to vest on April 1, 2025. The $4.7 billion market cap insurer trades at an attractive P/E ratio of 4.8x, with InvestingPro analysis indicating the stock is currently undervalued. The company maintains a GOOD financial health score, demonstrating strong fundamentals despite recent insider selling.
Enstar Group Ltd., a company specializing in fire, marine, and casualty insurance, is incorporated in Bermuda. For detailed insights and additional analysis, including 6 key ProTips and comprehensive financial metrics, visit InvestingPro, where you'll find expert research reports covering what really matters about ESGR and 1,400+ other top stocks.
In other recent news, Enstar Group Limited is going through significant corporate restructuring. The company has announced accelerated compensatory arrangements for its Chief Strategy Officer, David Ni, as part of a series of mergers. Enstar has also extended the contract of its CEO, Dominic Silvester, amid plans for a merger with Elk Merger Sub Limited. The company's subsidiary, Cavello Bay Reinsurance Limited, has acquired a Bermuda-based reinsurer, further expanding its operations.
Enstar has also made strategic changes in its executive leadership, appointing Paul Brockman as Chief Commercial Officer and announcing Adrian Thornycroft will join as Chief Administrative Officer in May 2025. The company has finalized a merger agreement with global investment firm Sixth Street, valued at $5.1 billion.
In addition, Enstar has completed a substantial insurance agreement with Insurance Australia Group (IAG (LON:ICAG)), providing approximately $442 million of excess cover over $1.7 billion of underlying reserves. These are the recent developments surrounding Enstar Group Limited.
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