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

StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Price Performance

NASDAQ:ESGR opened at $327.00 on Thursday. The stock has a 50 day moving average price of $324.95 and a 200 day moving average price of $324.12. The stock has a market cap of $4.98 billion, a PE ratio of 4.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a one year low of $262.54 and a one year high of $348.48.

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

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.00% of the stock is currently owned by company insiders.

Institutional Trading of Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after buying an additional 2,498 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after acquiring an additional 22,761 shares during the last quarter. Citigroup Inc. boosted its position in shares of Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares during the period. Cerity Partners LLC increased its holdings in Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after purchasing an additional 90 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Enstar Group in the third quarter valued at approximately $547,000. 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.