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

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

Enstar Group Price Performance

NASDAQ ESGR opened at $332.37 on Friday. Enstar Group has a one year low of $275.02 and a one year high of $348.48. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day moving average of $330.37 and a 200 day moving average of $325.92.

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

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.

Institutional Trading of Enstar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Key Financial Inc bought a new stake in Enstar Group during the fourth quarter valued at about $52,000. NewEdge Advisors LLC boosted its holdings in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. Vestcor Inc purchased a new position in shares of Enstar Group in the 4th quarter worth approximately $96,000. Sterling Capital Management LLC raised its stake in shares of Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 363 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 137 shares in the last quarter. 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.