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

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note published on Thursday morning. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Price Performance

ESGR stock opened at $332.05 on Thursday. The firm’s 50-day moving average price is $329.76 and its two-hundred day moving average price is $325.45. Enstar Group has a 12-month low of $275.02 and a 12-month high of $348.48. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) 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 related news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position 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 valued at $68,000 after buying an additional 31 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Enstar Group by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock valued at $427,000 after buying an additional 42 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Enstar Group by 2.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider’s stock valued at $573,000 after buying an additional 43 shares during the period. Xponance Inc. increased its position in shares of Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock valued at $293,000 after buying an additional 79 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Enstar Group by 2.3% during the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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.