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

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

Enstar Group Stock Up 0.2 %

Shares of NASDAQ ESGR opened at $324.47 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.94 billion, a PE ratio of 4.92 and a beta of 0.65. The business has a 50-day moving average price of $322.54 and a 200 day moving average price of $318.87. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The business 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%.

Institutional Trading of Enstar Group

Several hedge funds have recently modified their holdings of the business. Barclays PLC raised its position in Enstar Group by 319.2% in the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock worth $6,278,000 after acquiring an additional 14,867 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Enstar Group during the 3rd quarter worth $2,885,000. XTX Topco Ltd increased its holdings in shares of Enstar Group by 42.6% in the 3rd quarter. XTX Topco Ltd now owns 1,648 shares of the insurance provider’s stock valued at $530,000 after purchasing an additional 492 shares in the last quarter. State Street Corp increased its holdings in shares of Enstar Group by 0.3% in the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after purchasing an additional 1,130 shares in the last quarter. Finally, RBF Capital LLC lifted its stake in shares of Enstar Group by 81.7% in the third quarter. RBF Capital LLC now owns 13,380 shares of the insurance provider’s stock valued at $4,281,000 after purchasing an additional 6,017 shares during the period. 81.01% of the stock is owned by institutional investors and hedge funds.

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.