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

StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a report published on Friday morning. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Trading Down 0.1 %

NASDAQ:ESGR opened at $332.37 on Friday. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average price of $330.37 and a two-hundred day moving average price of $325.87. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61.

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

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Several hedge funds have recently added to or reduced their stakes in ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group in the fourth quarter valued at approximately $52,000. NewEdge Advisors LLC lifted its stake in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in Enstar Group during the 4th quarter valued at $96,000. Sterling Capital Management LLC increased its position in Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after buying an additional 363 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 137 shares during the last quarter. 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.