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

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

Enstar Group Stock Down 0.4 %

ESGR stock opened at $325.66 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.96 billion, a P/E ratio of 4.93 and a beta of 0.65. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The company’s 50 day simple moving average is $323.55 and its 200-day simple moving average is $320.26.

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

Institutional Investors Weigh In On Enstar Group

A number of institutional investors have recently bought and sold shares of ESGR. Farmers & Merchants Investments Inc. acquired a new stake in Enstar Group during the second quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in shares of Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Enstar Group in the third quarter worth approximately $48,000. Finally, Longfellow Investment Management Co. LLC bought a new position in Enstar Group during the third quarter valued at approximately $50,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

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.