TSX runs higher on rate cut expectations
In a challenging economic climate, Enstar Group Limited's Preferred Shares Series D (ESGRP) have experienced significant pressure, with the stock currently trading at $19.25, just above its 52-week low of $19.01. According to InvestingPro data, the stock offers an attractive 8.67% dividend yield with a moderate beta of 0.56, suggesting relatively low volatility. This significant downturn reflects a broader trend of volatility within the financial sector, as investors recalibrate their portfolios in response to fluctuating market conditions. Over the past year, ESGRP has declined 14.01%, though the company maintains a GOOD financial health score and trades at a P/E ratio of 9.01. InvestingPro subscribers have access to 5 additional key insights about ESGRP's valuation and growth prospects, helping investors make more informed decisions in these challenging market conditions.
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