Enstar Group (NASDAQ:ESGR) Receives New Coverage from Analysts at StockNews.com

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

Enstar Group Stock Up 0.2 %

NASDAQ ESGR opened at $320.73 on Monday. The business has a fifty day moving average price of $325.00 and a 200 day moving average price of $309.22. Enstar Group has a one year low of $229.57 and a one year high of $348.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $4.88 billion, a P/E ratio of 6.23 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 EPS for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The firm had revenue of $159.00 million during the quarter.

Institutional Trading of Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of ESGR. Victory Capital Management Inc. increased its position in shares of Enstar Group by 0.5% during the 4th quarter. Victory Capital Management Inc. now owns 8,560 shares of the insurance provider’s stock worth $2,520,000 after purchasing an additional 46 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Enstar Group by 53.8% during the 4th quarter. Teacher Retirement System of Texas now owns 2,623 shares of the insurance provider’s stock worth $772,000 after acquiring an additional 917 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Enstar Group by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after acquiring an additional 39,137 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in shares of Enstar Group by 10.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,667 shares of the insurance provider’s stock worth $1,079,000 after acquiring an additional 335 shares in the last quarter. Finally, Norges Bank acquired a new position in Enstar Group during the fourth quarter worth approximately $40,397,000. 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.