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

StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report report published on Friday morning. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Down 0.4 %

ESGR stock opened at $322.10 on Friday. Enstar Group has a 52-week low of $229.57 and a 52-week high of $348.48. The company’s 50 day simple moving average is $321.59 and its 200-day simple moving average is $312.85. 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 firm has a market capitalization of $4.91 billion, a P/E ratio of 6.25 and a beta of 0.66.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. bought a new stake in shares of Enstar Group during the 2nd quarter worth $31,000. GAMMA Investing LLC increased its position in shares of Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 82 shares in the last quarter. CWM LLC grew its holdings in Enstar Group by 293.3% during the 1st quarter. CWM LLC now owns 118 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 88 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in Enstar Group during the 2nd quarter worth about $80,000. Finally, EntryPoint Capital LLC bought a new position in shares of Enstar Group in the 1st quarter valued at about $147,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

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.