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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Monday. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

Enstar Group stock opened at $322.34 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a fifty day moving average price of $324.15 and a two-hundred day moving average price of $322.58. The company has a market cap of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65.

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

Insider Buying and Selling

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the transaction, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its stake in shares of Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after acquiring an additional 22,761 shares during the period. Harspring Capital Management LLC lifted its holdings 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 acquiring an additional 6,750 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares in the last quarter. Cerity Partners LLC boosted its holdings in Enstar Group by 2.3% during the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 90 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Enstar Group in the third quarter valued at $547,000. 81.01% of the stock is currently owned by 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.