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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Trading Up 0.1 %

Shares of NASDAQ:ESGR opened at $331.01 on Tuesday. Enstar Group has a 52-week low of $275.02 and a 52-week high of $348.48. The company has a market capitalization of $5.04 billion, a P/E ratio of 5.01 and a beta of 0.64. The company has a 50-day simple moving average of $327.82 and a 200 day simple moving average of $324.78. 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 Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The business had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Buying and Selling at Enstar Group

In other Enstar Group 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group during the third quarter worth approximately $48,000. Longfellow Investment Management Co. LLC bought a new position in shares of Enstar Group during the third quarter worth approximately $50,000. Key Financial Inc bought a new position in shares of Enstar Group during the fourth quarter worth approximately $52,000. US Bancorp DE increased its holdings in shares of Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 61 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the period. 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.