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

Stock analysts at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 0.6 %

NASDAQ:ESGR opened at $323.35 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average price is $321.59 and its 200-day moving average price is $312.74. Enstar Group has a 1-year low of $229.57 and a 1-year high of $348.48. The firm has a market capitalization of $4.92 billion, a P/E ratio of 6.28 and a beta of 0.66.

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

Institutional Trading of Enstar Group

Hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in Enstar Group in the second quarter valued at $31,000. CWM LLC increased its stake in shares of Enstar Group by 293.3% during the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 88 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 82 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in shares of Enstar Group during the second quarter worth about $80,000. Finally, EntryPoint Capital LLC purchased a new stake in Enstar Group during the 1st quarter valued at about $147,000. 81.01% of the stock is owned by hedge funds and other 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.