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

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

Enstar Group Price Performance

Shares of ESGR opened at $325.21 on Friday. The firm has a 50-day simple moving average of $322.14 and a two-hundred day simple moving average of $314.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. Enstar Group has a 1-year low of $231.85 and a 1-year high of $348.48. The stock has a market cap of $4.95 billion, a PE ratio of 6.31 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results 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 during 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

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its stake in Enstar Group by 48.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after buying an additional 2,713 shares during the period. Capstone Investment Advisors LLC lifted its holdings in Enstar Group by 108.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 2,254 shares of the insurance provider’s stock valued at $700,000 after purchasing an additional 1,172 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Enstar Group by 47.2% during the 1st quarter. SG Americas Securities LLC now owns 1,438 shares of the insurance provider’s stock valued at $447,000 after acquiring an additional 461 shares during the last quarter. Swiss National Bank increased its stake in shares of Enstar Group by 8.6% during the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock valued at $7,458,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Enstar Group during the 1st quarter valued at about $704,000. 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.