Enstar Group (NASDAQ:ESGR) Receives New Coverage from Analysts at StockNews.com

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

Enstar Group Price Performance

NASDAQ:ESGR opened at $322.76 on Friday. Enstar Group has a one year low of $229.57 and a one year high of $348.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 6.27 and a beta of 0.66. The firm’s fifty day moving average is $321.83 and its two-hundred day moving average is $313.58.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. The business had revenue of $159.00 million for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ESGR. Dimensional Fund Advisors LP lifted its stake in Enstar Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after buying an additional 30,831 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Enstar Group in the 2nd quarter valued at about $7,394,000. Sequoia Financial Advisors LLC raised its holdings in Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after acquiring an additional 22,761 shares during the last quarter. American Century Companies Inc. raised its holdings in Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after acquiring an additional 20,416 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Enstar Group by 272.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,008 shares of the insurance provider’s stock valued at $5,811,000 after acquiring an additional 13,898 shares during the last quarter. 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.