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

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

Enstar Group Stock Down 0.1 %

Enstar Group stock opened at $326.31 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $324.53 and its two-hundred day moving average price is $323.95. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 4.94 and a beta of 0.65. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data 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 return on equity of 17.33% and a net margin of 73.26%.

Insiders Place Their Bets

In related news, Director Bernard F. Becker sold 100 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 82 shares during the period. Blue Trust Inc. increased its holdings in 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 buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Enstar Group during the third quarter worth about $48,000. Longfellow Investment Management Co. LLC bought a new stake in Enstar Group in the third quarter worth about $50,000. Finally, US Bancorp DE boosted its stake in 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 acquiring an additional 61 shares during the last quarter. Hedge funds and other 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.