Enstar Group (NASDAQ:ESGR) Now Covered by StockNews.com

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

Enstar Group Stock Performance

Shares of ESGR stock opened at $327.50 on Friday. The stock has a fifty day moving average price of $325.41 and a 200 day moving average price of $324.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $4.99 billion, a PE ratio of 4.96 and a beta of 0.64. Enstar Group has a 1 year low of $265.00 and a 1 year high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The business 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 Activity

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. grew its position in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Enstar Group in the third quarter valued at $48,000. Longfellow Investment Management Co. LLC purchased a new position in Enstar Group during the third quarter worth about $50,000. Finally, Key Financial Inc acquired a new stake in Enstar Group in the 4th quarter worth about $52,000. 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.