StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $320.17 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.22 and a beta of 0.66. The firm’s fifty day simple moving average is $325.07 and its 200-day simple moving average is $309.14. Enstar Group has a 12 month low of $229.57 and a 12 month high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) 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

Several institutional investors have recently bought and sold shares of ESGR. Victory Capital Management Inc. increased its stake in Enstar Group by 0.5% in the 4th quarter. Victory Capital Management Inc. now owns 8,560 shares of the insurance provider’s stock valued at $2,520,000 after buying an additional 46 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Enstar Group by 53.8% during the 4th quarter. Teacher Retirement System of Texas now owns 2,623 shares of the insurance provider’s stock worth $772,000 after purchasing an additional 917 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Enstar Group by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after purchasing an additional 39,137 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Enstar Group by 10.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,667 shares of the insurance provider’s stock worth $1,079,000 after purchasing an additional 335 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Enstar Group during the 4th quarter worth $40,397,000. 81.01% of the stock is owned by institutional investors and hedge funds.

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.