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

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

Enstar Group Price Performance

Shares of ESGR stock opened at $318.86 on Tuesday. Enstar Group has a fifty-two week low of $229.57 and a fifty-two week high of $348.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 6.19 and a beta of 0.66. The stock’s 50-day simple moving average is $324.59 and its 200-day simple moving average is $309.85.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. The company had revenue of $159.00 million for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%.

Hedge Funds Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESGR. Dimensional Fund Advisors LP increased its holdings in shares of Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after purchasing an additional 30,831 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Enstar Group by 2.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after buying an additional 9,520 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Enstar Group by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock worth $100,418,000 after buying an additional 8,820 shares during the last quarter. Harspring Capital Management LLC lifted its stake in Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock valued at $59,612,000 after acquiring an additional 6,750 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after acquiring an additional 20,416 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Company Profile

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.