Enstar Group (NASDAQ:ESGR) Issues Quarterly Earnings Results

Enstar Group (NASDAQ:ESGR) released its quarterly earnings data on Tuesday. The insurance provider reported $8.51 earnings per share (EPS) for the quarter, reports. The business had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Enstar Group Price Performance

Shares of NASDAQ:ESGR opened at $323.50 on Friday. The company has a 50-day moving average price of $322.17 and a 200 day moving average price of $317.91. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. Enstar Group has a 12 month low of $255.99 and a 12 month high of $348.48. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65.

Institutional Investors Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESGR. BNP Paribas Financial Markets raised its holdings in Enstar Group by 48.6% during the 1st quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after buying an additional 2,713 shares during the period. SG Americas Securities LLC raised its stake in shares of Enstar Group by 47.2% in the first quarter. SG Americas Securities LLC now owns 1,438 shares of the insurance provider’s stock valued at $447,000 after acquiring an additional 461 shares during the period. Swiss National Bank lifted its holdings in shares of Enstar Group by 8.6% in the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after acquiring an additional 1,900 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Enstar Group during the 1st quarter worth about $704,000. Finally, Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 5,640 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research report on Tuesday. They issued a “hold” rating on the stock.

Enstar Group Company Profile

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.