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

Equities researchers at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Saturday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 0.0 %

ESGR opened at $332.41 on Friday. The company has a 50-day moving average price of $330.90 and a 200 day moving average price of $326.28. Enstar Group has a twelve month low of $275.02 and a twelve month high of $348.48. The company has a market cap of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61. 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 (NASDAQ:ESGR) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million for the quarter.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is currently owned by insiders.

Institutional Trading of Enstar Group

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in Enstar Group by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider’s stock valued at $573,000 after buying an additional 43 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Enstar Group during the 4th quarter worth $354,000. Credit Industriel ET Commercial purchased a new stake in Enstar Group during the 4th quarter worth about $5,383,000. Public Employees Retirement System of Ohio increased its holdings in Enstar Group by 104.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 18,307 shares of the insurance provider’s stock worth $5,896,000 after purchasing an additional 9,335 shares during the period. Finally, Vise Technologies Inc. raised its position in Enstar Group by 49.4% in the 4th quarter. Vise Technologies Inc. now owns 1,961 shares of the insurance provider’s stock valued at $632,000 after purchasing an additional 648 shares in the last quarter. 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.