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

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

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $327.00 on Thursday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 4.95 and a beta of 0.65. Enstar Group has a one year low of $262.54 and a one year high of $348.48. The company’s fifty day moving average is $324.81 and its two-hundred day moving average is $324.10. 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 (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 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%.

Insiders Place Their Bets

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group 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 completion of the transaction, the director now owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after buying an additional 1,130 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of Enstar Group during the 3rd quarter worth $59,941,000. Alpine Associates Management Inc. acquired a new position in shares of Enstar Group during the 3rd quarter worth $24,465,000. JPMorgan Chase & Co. raised its stake in Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Slotnik Capital LLC acquired a new position in Enstar Group in the 3rd quarter valued at about $10,291,000. Institutional investors and hedge funds 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.