StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

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

Enstar Group Price Performance

ESGR stock opened at $325.35 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.96 billion, a PE ratio of 4.93 and a beta of 0.65. Enstar Group has a 12-month low of $262.54 and a 12-month high of $348.48. The business’s fifty day moving average price is $322.85 and its 200 day moving average price is $319.62.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ESGR. Glazer Capital LLC acquired a new position in shares of Enstar Group during the 3rd quarter worth about $59,941,000. Alpine Associates Management Inc. purchased a new stake in Enstar Group during the 3rd quarter valued at approximately $24,465,000. Slotnik Capital LLC purchased a new stake in Enstar Group during the 3rd quarter valued at approximately $10,291,000. Dimensional Fund Advisors LP raised its stake in Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Enstar Group during the 2nd quarter valued at approximately $7,394,000. 81.01% of the stock is owned by institutional investors and hedge funds.

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.