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

Research analysts at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Trading Down 0.3 %

Shares of Enstar Group stock opened at $321.95 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 4.87 and a beta of 0.65. The stock has a fifty day simple moving average of $324.26 and a 200 day simple moving average of $321.51. Enstar Group has a 12-month low of $262.54 and a 12-month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Activity

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of Enstar Group 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 sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enstar Group

Several large investors have recently modified their holdings of ESGR. Farmers & Merchants Investments Inc. bought a new stake in shares of Enstar Group in the second quarter valued at $31,000. GAMMA Investing LLC increased its holdings 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 last quarter. Blue Trust Inc. raised its stake in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Enstar Group during the third quarter valued at about $48,000. Finally, Longfellow Investment Management Co. LLC bought a new position in Enstar Group during the third quarter worth about $50,000. Hedge funds and other institutional investors 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.