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

StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Trading Up 0.2 %

Shares of Enstar Group stock opened at $327.02 on Tuesday. The company’s fifty day moving average price is $324.12 and its two-hundred day moving average price is $323.10. The firm has a market capitalization of $4.98 billion, a PE ratio of 4.95 and a beta of 0.65. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. 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 (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $177.00 million during the quarter.

Insider Buying and Selling at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 2,179 shares in the company, valued at $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Several institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its holdings in shares of Enstar Group by 0.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after purchasing an additional 38 shares in the last quarter. CWM LLC increased its stake in shares of Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock valued at $73,000 after buying an additional 41 shares during the period. US Bancorp DE raised its position in shares of Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after acquiring an additional 63 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

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.