Enstar Group (NASDAQ:ESGR) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

Shares of ESGR stock opened at $319.78 on Thursday. The business has a fifty day simple moving average of $323.05 and a 200 day simple moving average of $311.48. The company has a market cap of $4.87 billion, a P/E ratio of 6.21 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. Enstar Group has a twelve month low of $229.57 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Monday, July 29th. The insurance provider reported $10.78 EPS for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%. The firm had revenue of $159.00 million during the quarter.

Institutional Trading of Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of ESGR. Daiwa Securities Group Inc. boosted its holdings in shares of Enstar Group by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after acquiring an additional 38 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after purchasing an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Enstar Group by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 65 shares during the last quarter. CWM LLC increased its stake in shares of Enstar Group by 57.6% in the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after buying an additional 68 shares during the period. Finally, Xponance Inc. raised its holdings in Enstar Group by 11.4% in the 2nd quarter. Xponance Inc. now owns 808 shares of the insurance provider’s stock valued at $247,000 after buying an additional 83 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Enstar Group Company 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.