Enstar Group (NASDAQ:ESGR) Receives New Coverage from Analysts at StockNews.com

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

Enstar Group Price Performance

NASDAQ:ESGR opened at $326.60 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.31. The stock’s 50-day simple moving average is $322.16 and its 200 day simple moving average is $305.38. The company has a market cap of $4.97 billion, a P/E ratio of 6.34 and a beta of 0.66. Enstar Group has a 52-week low of $229.57 and a 52-week high of $348.48.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning grew its stake in Enstar Group by 23.5% in the second quarter. Creative Planning now owns 2,200 shares of the insurance provider’s stock valued at $673,000 after purchasing an additional 419 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Enstar Group by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,184 shares of the insurance provider’s stock valued at $2,196,000 after purchasing an additional 282 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Enstar Group in the second quarter valued at approximately $878,000. AQR Capital Management LLC grew its stake in Enstar Group by 30.3% in the second quarter. AQR Capital Management LLC now owns 5,963 shares of the insurance provider’s stock valued at $1,823,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Enstar Group by 16.5% in the second quarter. Squarepoint Ops LLC now owns 7,588 shares of the insurance provider’s stock valued at $2,320,000 after purchasing an additional 1,077 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

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.