Enstar Group (NASDAQ:ESGR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report published on Tuesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $321.50 on Tuesday. The stock’s fifty day simple moving average is $324.60 and its 200 day simple moving average is $309.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4.90 billion, a PE ratio of 6.24 and a beta of 0.66. Enstar Group has a 12 month low of $229.57 and a 12 month high of $348.48.

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

Institutional Investors Weigh In On Enstar Group

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Enstar Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after purchasing an additional 30,831 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Enstar Group by 2.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after buying an additional 9,520 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Enstar Group by 2.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock worth $100,418,000 after buying an additional 8,820 shares during the period. Harspring Capital Management LLC raised its position in 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 buying an additional 6,750 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after acquiring an additional 20,416 shares in the last quarter. 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.