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

Equities research analysts at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $321.60 on Friday. Enstar Group has a twelve month low of $262.54 and a twelve month high of $348.48. The company has a market cap of $4.90 billion, a PE ratio of 4.87 and a beta of 0.65. The business’s 50 day moving average price is $324.25 and its two-hundred day moving average price is $321.76. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Activity at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was 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 trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. Farmers & Merchants Investments Inc. acquired a new position in shares of Enstar Group in the second quarter valued at about $31,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 82 shares during the period. Blue Trust Inc. increased its stake in Enstar Group by 85.5% during 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 during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group during the 3rd quarter valued at $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in shares of Enstar Group during the 3rd quarter worth $50,000. 81.01% of the stock is owned by institutional investors and hedge funds.

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.