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

Stock analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a note issued to investors on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Down 0.0 %

Shares of Enstar Group stock opened at $326.93 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a twelve month low of $262.54 and a twelve month high of $348.48. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 4.95 and a beta of 0.65. The company’s 50 day moving average is $324.15 and its 200 day moving average is $323.22.

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

Insider Buying and Selling at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction on Thursday, December 19th. The shares were 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 in the company, valued at $704,775.76. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Enstar Group

Several hedge funds and other institutional investors have recently modified their holdings of ESGR. Dimensional Fund Advisors LP grew its holdings in Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after purchasing an additional 30,831 shares during the period. State Street Corp grew its stake in shares of Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after acquiring an additional 1,130 shares during the period. Harspring Capital Management LLC increased its holdings in Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after acquiring an additional 6,750 shares in the last quarter. Glazer Capital LLC bought a new stake in Enstar Group during the 3rd quarter worth approximately $59,941,000. Finally, American Century Companies Inc. lifted its holdings in Enstar Group by 14.0% during the second quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other 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.