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

Stock analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $326.50 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 12-month low of $262.54 and a 12-month high of $348.48. The company’s 50 day moving average price is $324.43 and its two-hundred day moving average price is $323.79. The firm has a market cap of $4.97 billion, a PE ratio of 4.94 and a beta of 0.65.

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

Insider Buying and Selling

In related news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by company insiders.

Institutional Trading of Enstar Group

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. lifted its holdings in Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group in the 3rd quarter valued at about $48,000. Longfellow Investment Management Co. LLC bought a new position in shares of Enstar Group during the third quarter worth about $50,000. Finally, US Bancorp DE lifted its stake in shares of Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the period. 81.01% of the stock is 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.