Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

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

Enstar Group Stock Performance

Shares of ESGR opened at $332.00 on Thursday. Enstar Group has a 12-month low of $275.02 and a 12-month high of $348.48. The stock has a market cap of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61. 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 50-day moving average of $329.54 and a two-hundred day moving average of $325.35.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million for the quarter.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Enstar Group

A number of large investors have recently modified their holdings of ESGR. JPMorgan Chase & Co. grew its holdings in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after purchasing an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Enstar Group during the fourth quarter worth approximately $5,346,000. Wolverine Asset Management LLC grew its stake in Enstar Group by 175.3% during the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock worth $1,370,000 after buying an additional 2,709 shares during the period. Citigroup Inc. increased its position in shares of Enstar Group by 10.6% in the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in shares of Enstar Group in the 4th quarter valued at $5,295,000. 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.