StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

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

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $325.35 on Thursday. Enstar Group has a fifty-two week low of $262.54 and a fifty-two week high of $348.48. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 4.93 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. The firm’s 50-day simple moving average is $322.98 and its 200 day simple moving average is $319.66.

Enstar Group (NASDAQ:ESGR) last posted 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 firm had revenue of $177.00 million during the quarter.

Institutional Trading of Enstar Group

Hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new position in shares of Enstar Group during the second quarter valued at about $31,000. GAMMA Investing LLC lifted its stake in shares of Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group in the third quarter worth approximately $48,000. Finally, Longfellow Investment Management Co. LLC bought a new position in Enstar Group during the third quarter valued at approximately $50,000. 81.01% of the stock is 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.