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

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

Enstar Group Stock Performance

Enstar Group stock opened at $321.95 on Friday. The company’s 50-day moving average price is $324.26 and its 200-day moving average price is $321.63. 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 company has a market cap of $4.90 billion, a PE ratio of 4.87 and a beta of 0.65. Enstar Group has a twelve month low of $262.54 and a twelve month high of $348.48.

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

Insiders Place Their Bets

In related news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Enstar Group

Several hedge funds and other institutional investors have recently modified their holdings of ESGR. Franklin Resources Inc. grew its position in Enstar Group by 52.8% in the 3rd quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider’s stock valued at $5,118,000 after acquiring an additional 5,489 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Enstar Group by 15.6% in the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider’s stock worth $738,000 after purchasing an additional 310 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Enstar Group in the 3rd quarter worth about $547,000. Barclays PLC lifted its holdings in Enstar Group by 319.2% during the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock valued at $6,278,000 after buying an additional 14,867 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Enstar Group in the 3rd quarter valued at about $2,885,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

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.