StockNews.com Initiates Coverage on Enstar Group (NASDAQ:ESGR)

Equities researchers at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a note issued to investors on Monday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

ESGR opened at $332.53 on Monday. The firm has a market cap of $5.07 billion, a P/E ratio of 5.03 and a beta of 0.64. Enstar Group has a 1-year low of $275.02 and a 1-year high of $348.48. The company has a 50 day simple moving average of $326.46 and a two-hundred day simple moving average of $324.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33.

Insider Buying and Selling at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.

Institutional Trading of Enstar Group

Several institutional investors have recently added to or reduced their stakes in ESGR. Blue Trust Inc. raised its holdings in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group in the third quarter worth about $48,000. Longfellow Investment Management Co. LLC purchased a new position in Enstar Group in the 3rd quarter worth about $50,000. Key Financial Inc purchased a new stake in Enstar Group in the 4th quarter valued at about $52,000. Finally, US Bancorp DE boosted its position in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after buying an additional 61 shares during the period. 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.