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

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

Enstar Group Stock Up 0.4 %

Shares of ESGR opened at $332.28 on Friday. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48. 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 stock has a 50 day simple moving average of $325.93 and a two-hundred day simple moving average of $323.93. The firm has a market cap of $5.06 billion, a P/E ratio of 5.03 and a beta of 0.64.

Insider Activity at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares in the company, valued at $704,775.76. This represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.00% of the stock is owned by insiders.

Institutional Trading of Enstar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vise Technologies Inc. grew its holdings in shares of Enstar Group by 49.4% in the fourth quarter. Vise Technologies Inc. now owns 1,961 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 648 shares during the last quarter. CSS LLC IL grew its holdings in Enstar Group by 48.2% in the 4th quarter. CSS LLC IL now owns 3,133 shares of the insurance provider’s stock worth $1,009,000 after acquiring an additional 1,019 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Enstar Group by 14.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,818 shares of the insurance provider’s stock valued at $10,891,000 after acquiring an additional 4,176 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Enstar Group by 15.6% during the fourth quarter. Voloridge Investment Management LLC now owns 13,203 shares of the insurance provider’s stock valued at $4,252,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Enstar Group by 244.3% during the fourth quarter. Squarepoint Ops LLC now owns 35,935 shares of the insurance provider’s stock valued at $11,573,000 after acquiring an additional 25,498 shares during the last quarter. Institutional investors 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.