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

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

Enstar Group Stock Down 0.1 %

ESGR opened at $332.37 on Friday. Enstar Group has a one year low of $275.02 and a one year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61. The business’s 50-day simple moving average is $330.37 and its 200-day simple moving average is $325.87.

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 company had revenue of $240.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 8.00% of the stock is currently owned by insiders.

Institutional Trading of Enstar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc acquired a new position in shares of Enstar Group in the fourth quarter valued at approximately $52,000. NewEdge Advisors LLC increased its stake in Enstar Group by 17.1% in the 4th 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. Vestcor Inc acquired a new position in Enstar Group in the 4th quarter valued at $96,000. Sterling Capital Management LLC raised its position 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 last quarter. Finally, KBC Group NV lifted its stake in shares of Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 137 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

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.