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

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

Enstar Group Stock Up 0.2 %

ESGR stock opened at $322.15 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50 day simple moving average is $324.25 and its 200-day simple moving average is $321.92. Enstar Group has a 12 month low of $262.54 and a 12 month high of $348.48. The firm has a market capitalization of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $177.00 million for the quarter.

Insider Buying and Selling

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the stock in a transaction 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 owns 2,179 shares of the company’s stock, valued at $704,775.76. This represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its stake in Enstar Group by 0.5% during the second 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 during the period. CWM LLC raised its position in shares of Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after buying an additional 41 shares during the period. US Bancorp DE boosted its holdings in Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares during the last quarter. Arizona State Retirement System grew its position in Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after acquiring an additional 63 shares during the period. Finally, Blue Trust Inc. increased its stake in Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares during the last quarter. 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.