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

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

Enstar Group Stock Down 0.2 %

ESGR opened at $324.45 on Friday. The company has a market cap of $4.94 billion, a P/E ratio of 4.91 and a beta of 0.65. Enstar Group has a 12 month low of $262.54 and a 12 month high of $348.48. The business’s 50-day moving average price is $324.10 and its 200-day moving average price is $321.15. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company 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%.

Hedge Funds Weigh In On Enstar Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its position in Enstar Group by 640.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after acquiring an additional 22,761 shares in the last quarter. Harspring Capital Management LLC lifted its stake in shares of Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock valued at $59,612,000 after purchasing an additional 6,750 shares during the period. Citigroup Inc. boosted its position in shares of Enstar Group by 10.6% during the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock valued at $4,015,000 after purchasing an additional 1,198 shares in the last quarter. Cerity Partners LLC grew its stake in Enstar Group by 2.3% in the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after purchasing an additional 90 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Enstar Group by 2.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after purchasing an additional 9,520 shares in the last quarter. 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.