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

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

Enstar Group Trading Up 0.5 %

Shares of Enstar Group stock opened at $325.10 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.31 and a current ratio of 0.33. The stock has a market capitalization of $4.95 billion, a P/E ratio of 4.90 and a beta of 0.65. Enstar Group has a 52-week low of $255.99 and a 52-week high of $348.48. The stock’s 50-day simple moving average is $322.17 and its 200 day simple moving average is $317.91.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company 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

Institutional investors have recently added to or reduced their stakes in the stock. ClearAlpha Technologies LP bought a new stake in shares of Enstar Group during the third quarter valued at about $1,981,000. Athos Capital Ltd bought a new stake in Enstar Group during the 3rd quarter worth approximately $2,476,000. Glazer Capital LLC bought a new stake in Enstar Group during the 3rd quarter worth approximately $59,941,000. Slotnik Capital LLC bought a new position in Enstar Group in the 3rd quarter valued at $10,291,000. Finally, Verition Fund Management LLC bought a new position in Enstar Group in the 3rd quarter valued at $3,044,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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.