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

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

Enstar Group Trading Up 0.0 %

Shares of Enstar Group stock opened at $327.05 on Thursday. The firm has a 50-day simple moving average of $324.81 and a two-hundred day simple moving average of $324.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a fifty-two week low of $262.54 and a fifty-two week high of $348.48. The company has a market cap of $4.98 billion, a P/E ratio of 4.95 and a beta of 0.65.

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

Insider Transactions at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the completion of the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 business. GAMMA Investing LLC lifted its stake in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Enstar Group in the third quarter valued at approximately $48,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Enstar Group in the third quarter valued at approximately $50,000. Finally, US Bancorp DE grew its holdings in shares of Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

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.