Enstar Group (NASDAQ:ESGR) Now Covered by Analysts at StockNews.com

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

Enstar Group Price Performance

Shares of ESGR opened at $323.35 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 6.28 and a beta of 0.66. The business’s 50-day moving average is $321.59 and its 200-day moving average is $312.64. Enstar Group has a fifty-two week low of $229.57 and a fifty-two week high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Monday, July 29th. The insurance provider reported $10.78 EPS for the quarter. The firm had revenue of $159.00 million for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%.

Institutional Trading of Enstar Group

A number of hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. grew its holdings in shares of Enstar Group by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after purchasing an additional 38 shares in the last quarter. CWM LLC boosted its stake in Enstar Group by 22.0% during the third quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after buying an additional 41 shares in the last quarter. Arizona State Retirement System increased its holdings in Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after buying an additional 63 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock valued at $526,000 after buying an additional 65 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Enstar Group by 19.9% during the 3rd quarter. SG Americas Securities LLC now owns 488 shares of the insurance provider’s stock worth $157,000 after acquiring an additional 81 shares during the period. 81.01% of the stock is owned by institutional investors.

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.