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

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

Enstar Group Stock Down 0.1 %

Shares of ESGR stock opened at $322.05 on Monday. Enstar Group has a 12-month low of $262.54 and a 12-month high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $324.05 and a 200-day moving average of $322.75. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The firm had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.00% of the company’s stock.

Institutional Trading of Enstar Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new position in Enstar Group in the second quarter valued at approximately $31,000. GAMMA Investing LLC grew its stake in shares of Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares in the last quarter. Blue Trust Inc. grew its stake 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 valued at $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Enstar Group during the third quarter worth $48,000. Finally, Longfellow Investment Management Co. LLC bought a new stake in Enstar Group during the third quarter worth $50,000. Institutional investors and hedge funds 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.