Enstar Group (NASDAQ:ESGR) Research Coverage Started at StockNews.com

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

Enstar Group Trading Down 0.1 %

Shares of Enstar Group stock opened at $332.37 on Friday. Enstar Group has a fifty-two week low of $275.02 and a fifty-two week high of $348.48. The business’s fifty day moving average is $330.37 and its two-hundred day moving average is $325.96. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The company had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the SEC, which is available at this link. 8.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc acquired a new position in Enstar Group in the fourth quarter worth about $52,000. NewEdge Advisors LLC lifted its holdings in Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after buying an additional 31 shares during the last quarter. Vestcor Inc acquired a new position in shares of Enstar Group in the 4th quarter worth approximately $96,000. Sterling Capital Management LLC increased its holdings in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 363 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 137 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.