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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Up 0.1 %

Shares of NASDAQ:ESGR opened at $324.71 on Wednesday. The firm has a market cap of $4.95 billion, a PE ratio of 4.92 and a beta of 0.65. The company has a fifty day simple moving average of $322.69 and a 200 day simple moving average of $319.09. 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 has a 12-month low of $262.54 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The company had revenue of $177.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Institutional Trading of Enstar Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Enstar Group by 319.2% in the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock valued at $6,278,000 after acquiring an additional 14,867 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Enstar Group during the third quarter valued at $2,885,000. XTX Topco Ltd raised its holdings in shares of Enstar Group by 42.6% during the third quarter. XTX Topco Ltd now owns 1,648 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 492 shares during the period. State Street Corp lifted its position in shares of Enstar Group by 0.3% in the 3rd 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 during the last quarter. Finally, RBF Capital LLC boosted its holdings in shares of Enstar Group by 81.7% in the 3rd quarter. RBF Capital LLC now owns 13,380 shares of the insurance provider’s stock valued at $4,281,000 after buying an additional 6,017 shares during the period. Institutional investors and hedge funds 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.