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

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

Enstar Group Price Performance

Shares of Enstar Group stock opened at $327.97 on Friday. The firm has a market cap of $4.99 billion, a PE ratio of 4.96 and a beta of 0.64. Enstar Group has a 12-month low of $270.10 and a 12-month high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $325.51 and its two-hundred day simple moving average is $323.94.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data 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 17.33% and a net margin of 73.26%. The business had revenue of $177.00 million during the quarter.

Insider Activity at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated 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 directly owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was 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. 8.00% of the stock is currently owned by insiders.

Institutional Trading of Enstar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after acquiring an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in Enstar Group during the 4th quarter valued at $5,346,000. Sequoia Financial Advisors LLC boosted its holdings in Enstar Group by 640.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after acquiring an additional 22,761 shares during the period. Citigroup Inc. boosted its holdings in Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock valued at $4,015,000 after acquiring an additional 1,198 shares during the period. Finally, Syquant Capital Sas purchased a new stake in shares of Enstar Group in the 4th quarter worth $5,295,000. Institutional investors own 81.01% of the company’s stock.

About Enstar Group

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.