StockNews.com Initiates Coverage on Enstar Group (NASDAQ:ESGR)

Equities research analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued on Saturday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $322.63 on Friday. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The firm’s fifty day simple moving average is $321.76 and its 200 day simple moving average is $313.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.91 billion, a PE ratio of 6.26 and a beta of 0.66.

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

Institutional Trading of Enstar Group

A number of hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its holdings in Enstar Group by 0.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after purchasing an additional 38 shares during the period. CWM LLC boosted its holdings in Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 41 shares during the period. Arizona State Retirement System boosted its holdings in Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after purchasing an additional 63 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 65 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares during the period. 81.01% of the stock is owned by institutional investors.

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.