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

Investment analysts at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Down 0.1 %

ESGR stock opened at $327.50 on Friday. The firm’s 50-day moving average is $325.47 and its two-hundred day moving average is $323.99. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 4.96 and a beta of 0.64. Enstar Group has a 52 week low of $265.00 and a 52 week high of $348.48. 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 earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Activity

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Large investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in Enstar Group by 0.3% during the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after buying an additional 1,130 shares in the last quarter. Glazer Capital LLC acquired a new stake in shares of Enstar Group during the 3rd quarter valued at $59,941,000. Alpine Associates Management Inc. boosted its stake in shares of Enstar Group by 22.9% during the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider’s stock worth $30,104,000 after acquiring an additional 17,400 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after acquiring an additional 2,498 shares during the last quarter. Finally, Slotnik Capital LLC acquired a new stake in shares of Enstar Group during the third quarter worth $10,291,000. Institutional investors own 81.01% of the company’s stock.

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.