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

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

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $320.71 on Friday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.23 and a beta of 0.66. The company has a quick ratio of 0.33, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. Enstar Group has a 52 week low of $229.57 and a 52 week high of $348.48. The firm has a 50 day moving average of $319.70 and a 200 day moving average of $303.52.

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

Institutional Investors Weigh In On Enstar Group

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its position in shares of Enstar Group by 223.4% in the fourth quarter. Mackenzie Financial Corp now owns 7,862 shares of the insurance provider’s stock valued at $2,314,000 after purchasing an additional 5,431 shares during the period. Xponance Inc. acquired a new stake in Enstar Group during the fourth quarter worth approximately $213,000. Redmont Wealth Advisors LLC boosted its holdings in shares of Enstar Group by 7.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 2,507 shares of the insurance provider’s stock worth $738,000 after acquiring an additional 171 shares during the period. Naples Money Management LLC acquired a new position in shares of Enstar Group in the fourth quarter valued at approximately $103,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Enstar Group by 11.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 3,632 shares of the insurance provider’s stock worth $1,069,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

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.