StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

Equities researchers at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

Shares of ESGR opened at $321.60 on Friday. The stock has a market cap of $4.90 billion, a P/E ratio of 4.87 and a beta of 0.65. Enstar Group has a 1 year low of $262.54 and a 1 year high of $348.48. The stock’s 50-day moving average price is $324.25 and its two-hundred day moving average price is $321.76. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Activity

In other news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares of the company’s stock, valued at $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ESGR. Sequoia Financial Advisors LLC lifted its position 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 in the last quarter. Harspring Capital Management LLC grew its holdings in shares of Enstar Group by 3.6% during the second quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after buying an additional 6,750 shares in the last quarter. Citigroup Inc. lifted its stake in Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock valued at $4,015,000 after acquiring an additional 1,198 shares in the last quarter. Cerity Partners LLC boosted its position in Enstar Group by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after acquiring an additional 90 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after acquiring an additional 9,520 shares in the last quarter. Institutional investors 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.