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

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

Enstar Group Price Performance

Shares of NASDAQ:ESGR opened at $332.00 on Thursday. Enstar Group has a 52-week low of $275.02 and a 52-week high of $348.48. The stock has a market cap of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61. The business has a fifty day moving average of $329.64 and a two-hundred day moving average of $325.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The firm 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%.

Insiders Place Their Bets

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Enstar Group

Several large investors have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC acquired a new stake in Enstar Group in the 3rd quarter valued at approximately $50,000. Key Financial Inc acquired a new stake in shares of Enstar Group in the fourth quarter valued at $52,000. NewEdge Advisors LLC raised its holdings in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares during the period. Vestcor Inc acquired a new position in Enstar Group during the 4th quarter worth about $96,000. Finally, Sterling Capital Management LLC boosted its holdings in Enstar Group by 825.0% during 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 period. 81.01% of the stock is currently owned by institutional investors and hedge funds.

About Enstar Group

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.