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

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a note issued to investors on Friday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $327.62 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a one year low of $262.54 and a one year high of $348.48. The business’s 50-day moving average price is $325.22 and its two-hundred day moving average price is $324.22. The company has a market capitalization of $4.99 billion, a P/E ratio of 4.96 and a beta of 0.65.

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 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 Activity

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.00% of the stock is owned by insiders.

Institutional Trading of Enstar Group

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Enstar Group during the 3rd quarter valued at approximately $48,000. Longfellow Investment Management Co. LLC acquired a new stake in Enstar Group in the 3rd quarter valued at approximately $50,000. Finally, US Bancorp DE increased its position in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after buying an additional 61 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.