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

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

Enstar Group Trading Down 0.1 %

Shares of NASDAQ ESGR opened at $331.94 on Wednesday. The stock’s 50 day moving average price is $329.11 and its two-hundred day moving average price is $325.17. Enstar Group has a 52-week low of $275.02 and a 52-week high of $348.48. The stock has a market capitalization of $4.94 billion, a P/E ratio of 5.02 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Activity

In other news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the transaction, the director now directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Several institutional investors have recently made changes to their positions in ESGR. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Enstar Group in the 4th quarter worth approximately $354,000. Credit Industriel ET Commercial acquired a new stake in Enstar Group in the fourth quarter worth approximately $5,383,000. Public Employees Retirement System of Ohio lifted its position in Enstar Group by 104.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 18,307 shares of the insurance provider’s stock worth $5,896,000 after purchasing an additional 9,335 shares during the period. Vise Technologies Inc. lifted its position in Enstar Group by 49.4% in the fourth quarter. Vise Technologies Inc. now owns 1,961 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 648 shares during the period. Finally, CSS LLC IL lifted its position in Enstar Group by 48.2% in the fourth quarter. CSS LLC IL now owns 3,133 shares of the insurance provider’s stock worth $1,009,000 after purchasing an additional 1,019 shares during the period. 81.01% of the stock is owned by 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.