We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where Enstar Group Limited (NASDAQ:ESGR) stands against other most expensive stocks insiders are dumping in March.
After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.
As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.
What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.
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With each stock, we note the average price per share of these sales and the stock’s market capitalization.
An aerial view of a metropolitan skyline with the offices of the insurance company in the center.
Enstar Group Limited (NASDAQ:ESGR)
Market Capitalization: $4.95 billion
Enstar Group Limited (NASDAQ:ESGR) is a global insurance group that provides innovative insurance solutions through its network of companies in major insurance hubs like Bermuda, the US, London, Europe, and Australia. The Hamilton, Bermuda-based company focuses on improving net book value per share by acquiring and managing insurance and reinsurance companies in run-off. Enstar (NASDAQ:ESGR) was previously known as Castlewood Holdings Limited and changed its name in 2007.
In March, three insiders sold around $5.15 million worth of Enstar shares at an average price of $332.02 per share. Currently, the stock trades at $332.33 per share, having risen 3.19% year-to-date and 11.15% over the past 12 months.
Analyst coverage for Enstar (NASDAQ:ESGR) stock is currently limited.
Overall, ESGR ranks 15th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of ESGR our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ESGR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
