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 research report released on Tuesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Trading Down 0.0 %

ESGR stock opened at $326.93 on Tuesday. The firm has a fifty day moving average price of $324.19 and a 200 day moving average price of $323.24. Enstar Group has a fifty-two week low of $262.54 and a fifty-two week high of $348.48. The firm has a market cap of $4.98 billion, a PE ratio of 4.95 and a beta of 0.65. 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 released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $177.00 million during the quarter.

Insider Activity

In related news, Director Bernard F. Becker sold 100 shares of the 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Glazer Capital LLC purchased a new position in Enstar Group during the 3rd quarter worth $59,941,000. Alpine Associates Management Inc. bought a new position in shares of Enstar Group during the 3rd quarter worth $24,465,000. Slotnik Capital LLC purchased a new position in shares of Enstar Group during the third quarter valued at $10,291,000. Dimensional Fund Advisors LP raised its holdings in shares of Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Enstar Group in the second quarter worth about $7,394,000. 81.01% of the stock is currently owned by institutional investors.

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.