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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Tuesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $331.20 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 52-week low of $275.02 and a 52-week high of $348.48. The business’s 50-day moving average price is $327.99 and its 200 day moving average price is $324.82. The firm has a market cap of $5.04 billion, a P/E ratio of 5.01 and a beta of 0.64.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (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 $240.00 million for the quarter.

Insider Activity

In other 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 in the company, valued at $704,775.76. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Enstar Group during the 3rd quarter worth approximately $48,000. Longfellow Investment Management Co. LLC acquired a new position in Enstar Group during the third quarter worth $50,000. Key Financial Inc purchased a new stake in Enstar Group during the fourth quarter worth $52,000. US Bancorp DE grew 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 purchasing an additional 61 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

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.