Enstar Group (NASDAQ:ESGR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Up 0.0 %

Shares of NASDAQ ESGR opened at $323.83 on Wednesday. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65. The stock has a 50 day moving average price of $322.54 and a 200 day moving average price of $318.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The business had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of Enstar Group by 87.4% during the first quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after purchasing an additional 4,586 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Enstar Group by 759.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after acquiring an additional 5,640 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after acquiring an additional 22,761 shares during the period. Harspring Capital Management LLC raised its position in shares of Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after acquiring an additional 6,750 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after purchasing an additional 9,520 shares during the last quarter. 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.