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

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

Enstar Group Trading Down 0.4 %

NASDAQ:ESGR opened at $332.75 on Friday. The company has a market capitalization of $4.95 billion, a P/E ratio of 5.04 and a beta of 0.61. 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 has a 12 month low of $275.02 and a 12 month high of $348.48. The firm has a fifty day simple moving average of $330.26 and a 200-day simple moving average of $325.78.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The company had revenue of $240.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Buying and Selling

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enstar Group

Institutional investors have recently modified their holdings of the stock. Key Financial Inc acquired a new stake in Enstar Group during the fourth quarter worth about $52,000. NewEdge Advisors LLC boosted its position in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group during the 4th quarter worth approximately $96,000. Sterling Capital Management LLC increased its holdings in shares of Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 363 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 137 shares in 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.