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

Investment analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Saturday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

Shares of NASDAQ:ESGR opened at $324.45 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.94 billion, a PE ratio of 4.91 and a beta of 0.65. The stock’s fifty day simple moving average is $324.10 and its two-hundred day simple moving average is $321.01. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48.

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

Hedge Funds Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of ESGR. Daiwa Securities Group Inc. lifted its holdings in Enstar Group by 0.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after acquiring an additional 38 shares during the period. CWM LLC raised its stake in shares of Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 41 shares during the period. US Bancorp DE boosted its holdings in shares of Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after buying an additional 61 shares during the last quarter. Arizona State Retirement System grew its position in 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 buying an additional 63 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in 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 buying an additional 65 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.