StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

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

Enstar Group Stock Performance

NASDAQ ESGR opened at $325.35 on Thursday. The stock’s fifty day moving average is $322.85 and its two-hundred day moving average is $319.62. The firm has a market capitalization of $4.96 billion, a P/E ratio of 4.93 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a fifty-two week low of $262.54 and a fifty-two week high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $177.00 million for the quarter.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. Glazer Capital LLC purchased a new stake in Enstar Group in the third quarter valued at $59,941,000. Alpine Associates Management Inc. purchased a new stake in shares of Enstar Group in the 3rd quarter valued at $24,465,000. Slotnik Capital LLC purchased a new stake in shares of Enstar Group in the 3rd quarter valued at $10,291,000. Dimensional Fund Advisors LP raised its holdings in shares of Enstar Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after buying an additional 30,831 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Enstar Group in the 2nd quarter valued at $7,394,000. 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.