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

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

Enstar Group Stock Down 0.1 %

ESGR stock opened at $322.05 on Monday. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48. The business’s 50 day simple moving average is $324.05 and its 200 day simple moving average is $322.75. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares in the company, valued at $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Institutional investors and hedge funds have recently modified their holdings of the business. Farmers & Merchants Investments Inc. bought a new stake in Enstar Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC increased its holdings in shares of Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. raised its position in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group in the third quarter valued at approximately $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Enstar Group during the third quarter worth approximately $50,000. 81.01% of the stock is currently 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.