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

StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Thursday. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Trading Down 0.0 %

Enstar Group stock opened at $327.00 on Thursday. Enstar Group has a 1 year low of $262.54 and a 1 year high of $348.48. The stock has a market cap of $4.98 billion, a P/E ratio of 4.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50 day moving average price is $324.95 and its 200-day moving average price is $324.12.

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

Insider Transactions at Enstar Group

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Glazer Capital LLC acquired a new position in Enstar Group in the 3rd quarter worth approximately $59,941,000. Alpine Associates Management Inc. purchased a new stake in shares of Enstar Group in the 3rd quarter valued at $24,465,000. Slotnik Capital LLC acquired a new stake in shares of Enstar Group in the third quarter worth $10,291,000. Sequoia Financial Advisors LLC raised its holdings in shares of Enstar Group by 640.8% during the third quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after purchasing an additional 22,761 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Enstar Group during the fourth quarter valued at $5,346,000. 81.01% of the stock is currently owned by hedge funds and other 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.