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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Monday. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Price Performance

NASDAQ ESGR opened at $324.96 on Monday. The business’s fifty day moving average is $322.11 and its 200 day moving average is $316.66. Enstar Group has a fifty-two week low of $247.93 and a fifty-two week high of $348.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $4.95 billion, a PE ratio of 5.54 and a beta of 0.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in Enstar Group by 48.6% during the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after purchasing an additional 2,713 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Enstar Group by 47.2% during the 1st quarter. SG Americas Securities LLC now owns 1,438 shares of the insurance provider’s stock valued at $447,000 after buying an additional 461 shares in the last quarter. Swiss National Bank boosted its holdings in Enstar Group by 8.6% in the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after buying an additional 1,900 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Enstar Group in the 1st quarter worth $704,000. Finally, Russell Investments Group Ltd. raised its holdings in Enstar Group by 759.1% during the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after acquiring an additional 5,640 shares during the period. 81.01% of the stock is currently owned by institutional investors.

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.