Enstar Group (NASDAQ:ESGR) Research Coverage Started at StockNews.com

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

Enstar Group Stock Performance

NASDAQ:ESGR opened at $321.49 on Friday. The company has a fifty day simple moving average of $321.66 and a two-hundred day simple moving average of $312.45. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 6.24 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 52 week low of $229.57 and a 52 week high of $348.48.

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

Hedge Funds Weigh In On Enstar Group

Several large investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Enstar Group by 87.4% in the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after acquiring an additional 4,586 shares during the last quarter. Swiss National Bank increased its holdings in shares of Enstar Group by 8.6% in the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock valued at $7,458,000 after acquiring an additional 1,900 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Enstar Group by 48.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after acquiring an additional 2,713 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enstar Group by 759.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after acquiring an additional 5,640 shares during the last quarter. Finally, Harspring Capital Management LLC increased its holdings in shares of Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock valued at $59,612,000 after acquiring an additional 6,750 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

About Enstar Group

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.