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

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

Enstar Group Stock Down 0.2 %

Enstar Group stock opened at $324.45 on Friday. The firm has a 50 day simple moving average of $324.10 and a 200 day simple moving average of $321.15. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 4.91 and a beta of 0.65.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ESGR. Glazer Capital LLC bought a new stake in Enstar Group during the third quarter valued at $59,941,000. Alpine Associates Management Inc. bought a new stake in shares of Enstar Group during the 3rd quarter valued at about $24,465,000. Slotnik Capital LLC purchased a new position in shares of Enstar Group during the third quarter worth about $10,291,000. Dimensional Fund Advisors LP increased its position in shares of Enstar Group by 4.0% in the second 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 last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Enstar Group in the second quarter valued at approximately $7,394,000. 81.01% of the stock is currently 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.