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

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

Enstar Group Stock Up 0.3 %

Shares of NASDAQ ESGR opened at $323.76 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The stock’s 50-day simple moving average is $321.90 and its 200-day simple moving average is $313.79. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 6.29 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The company had revenue of $159.00 million for the quarter.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. acquired a new position in Enstar Group in the second quarter worth about $31,000. GAMMA Investing LLC lifted its holdings in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the last quarter. CWM LLC lifted its holdings in Enstar Group by 293.3% during the 1st quarter. CWM LLC now owns 118 shares of the insurance provider’s stock worth $37,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Enstar Group in the 2nd quarter valued at approximately $80,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

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.