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

Equities researchers at StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $331.01 on Tuesday. 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 $5.04 billion, a price-to-earnings ratio of 5.01 and a beta of 0.64. The firm’s 50 day simple moving average is $327.82 and its 200 day simple moving average is $324.78. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued 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 firm had revenue of $240.00 million for the quarter.

Insider Buying and Selling at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction on Thursday, December 19th. The shares were 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 approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Enstar Group during the third quarter worth $48,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group during the third quarter worth $50,000. Key Financial Inc acquired a new position in shares of Enstar Group during the fourth quarter worth $52,000. US Bancorp DE lifted 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 purchasing an additional 61 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Enstar Group by 17.1% during 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 during the period. Institutional investors and hedge funds 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.