Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

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

Enstar Group Price Performance

ESGR traded up $0.90 on Thursday, hitting $321.30. 69,125 shares of the company’s stock traded hands, compared to its average volume of 72,870. The company’s 50 day simple moving average is $318.06 and its 200-day simple moving average is $302.13. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 6.24 and a beta of 0.66. Enstar Group has a one year low of $229.57 and a one year high of $348.48. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

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

Hedge Funds Weigh In On Enstar Group

Several institutional investors have recently added to or reduced their stakes in ESGR. Norges Bank purchased a new position in Enstar Group during the 4th quarter valued at approximately $40,397,000. Crow s Nest Holdings LP purchased a new position in shares of Enstar Group in the 4th quarter worth approximately $39,737,000. NFC Investments LLC purchased a new position in shares of Enstar Group in the 4th quarter worth approximately $25,720,000. Dimensional Fund Advisors LP boosted its holdings in shares of Enstar Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after purchasing an additional 39,137 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of Enstar Group in the 2nd quarter worth approximately $7,394,000. 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.