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

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

Enstar Group Stock Performance

Shares of ESGR opened at $332.71 on Monday. 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’s fifty day simple moving average is $327.02 and its two-hundred day simple moving average is $324.42. Enstar Group has a 12 month low of $275.02 and a 12 month high of $348.48. The stock has a market capitalization of $5.07 billion, a P/E ratio of 5.04 and a beta of 0.64.

Insider Buying and Selling at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction that occurred 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 directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.00% of the company’s stock.

Institutional Trading of Enstar Group

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Enstar Group by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after purchasing an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Enstar Group in the 4th quarter valued at about $5,346,000. Wolverine Asset Management LLC lifted its position in shares of Enstar Group by 175.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock worth $1,370,000 after buying an additional 2,709 shares in the last quarter. Citigroup Inc. lifted its position in shares of Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after buying an additional 1,198 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in shares of Enstar Group in the 4th quarter worth approximately $5,295,000. Institutional investors and hedge funds 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.