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The Co-Founder of Enstar Group Limited (NASDAQ:ESGR), Dominic Silvester, Just Bought 4.4% More Shares

Those following along with Enstar Group Limited (NASDAQ:ESGR) will no doubt be intrigued by the recent purchase of shares by Dominic Silvester, Co-Founder of the company, who spent a stonking US$4.9m on stock at an average price of US$190. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 4.4%.

See our latest analysis for Enstar Group

Enstar Group Insider Transactions Over The Last Year

Notably, that recent purchase by Dominic Silvester is the biggest insider purchase of Enstar Group shares that we've seen in the last year. That implies that an insider found the current price of US$200 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Enstar Group share holders is that an insider was buying at near the current price. Dominic Silvester was the only individual insider to buy shares in the last twelve months.

Dominic Silvester bought 26.00k shares over the last 12 months at an average price of US$190. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

Enstar Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Enstar Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Enstar Group insiders own 6.4% of the company, worth about US$218m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Enstar Group Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Enstar Group. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Enstar Group. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Enstar Group.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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