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

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

Enstar Group Trading Up 0.7 %

Shares of ESGR opened at $321.10 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $324.56 and its 200 day moving average price is $309.93. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 6.23 and a beta of 0.66. Enstar Group has a 12-month low of $229.57 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. The company had revenue of $159.00 million for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its holdings in Enstar Group by 0.5% during 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. Arizona State Retirement System boosted its holdings in shares of Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after acquiring an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after acquiring an additional 65 shares in the last quarter. CWM LLC boosted its holdings in shares of Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 68 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Enstar Group by 11.4% in the 2nd quarter. Xponance Inc. now owns 808 shares of the insurance provider’s stock worth $247,000 after acquiring an additional 83 shares in the last quarter. 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.