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

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

Enstar Group Price Performance

ESGR opened at $332.94 on Monday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 5.04 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $326.81 and a 200-day moving average price of $324.37. Enstar Group has a twelve month low of $275.02 and a twelve month high of $348.48.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enstar Group

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Enstar Group by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock worth $427,000 after acquiring an additional 42 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 during the last quarter. Finally, Xponance Inc. increased its stake in shares of Enstar Group by 9.5% in the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after buying an additional 79 shares during the period. 81.01% of the stock is currently 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.