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

Analysts at StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 0.0 %

ESGR opened at $332.05 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a 12 month low of $275.02 and a 12 month high of $348.48. The stock’s 50 day moving average price is $329.76 and its 200 day moving average price is $325.43. The stock has a market cap of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The business had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Enstar Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group in the 3rd quarter worth approximately $50,000. Key Financial Inc bought a new stake in Enstar Group during the fourth quarter worth approximately $52,000. NewEdge Advisors LLC grew its position in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after buying an additional 31 shares during the last quarter. Vestcor Inc acquired a new position in Enstar Group in the fourth quarter worth approximately $96,000. Finally, Sterling Capital Management LLC raised its holdings in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after buying an additional 363 shares during the period. 81.01% of the stock is currently owned by institutional investors.

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.