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

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Tuesday. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $323.50 on Tuesday. The firm has a 50-day moving average price of $322.03 and a two-hundred day moving average price of $317.83. Enstar Group has a 12-month low of $249.24 and a 12-month high of $348.48. The company has a market capitalization of $4.93 billion, a P/E ratio of 5.52 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The business had revenue of $177.00 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. acquired a new stake in Enstar Group during the second quarter worth about $31,000. GAMMA Investing LLC boosted 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 acquiring an additional 82 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Enstar Group in the third quarter valued at approximately $48,000. Finally, CWM LLC raised its position in Enstar Group by 57.6% during the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. 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.