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

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

Enstar Group Stock Up 0.1 %

NASDAQ ESGR opened at $331.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day simple moving average of $328.76 and a 200 day simple moving average of $325.08. Enstar Group has a twelve month low of $275.02 and a twelve month high of $348.48. The stock has a market cap of $4.94 billion, a PE ratio of 5.02 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $240.00 million during the quarter.

Insider Buying and Selling

In related news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the completion of the transaction, the director now owns 2,179 shares of the company’s stock, valued at $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Enstar Group by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock worth $427,000 after buying an additional 42 shares in the last quarter. US Bancorp DE increased its holdings in shares of Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after buying an additional 61 shares in the last quarter. Xponance Inc. increased its holdings in shares of Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after buying an additional 79 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Enstar Group by 2.3% during the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 90 shares in the last quarter. 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.