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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Monday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 0.1 %

Shares of Enstar Group stock opened at $332.94 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $326.81 and its two-hundred day simple moving average is $324.37. The company has a market cap of $5.07 billion, a P/E ratio of 5.04 and a beta of 0.64. Enstar Group has a 12-month low of $275.02 and a 12-month high of $348.48.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the company’s 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Enstar Group during the 3rd quarter valued at about $48,000. Longfellow Investment Management Co. LLC bought a new position in Enstar Group during the 3rd quarter valued at about $50,000. Key Financial Inc bought a new position in Enstar Group during the 4th quarter valued at about $52,000. Finally, US Bancorp DE lifted its stake in Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares during the period. 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.