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

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

Enstar Group Stock Down 0.1 %

Shares of NASDAQ:ESGR opened at $321.05 on Wednesday. The business’s 50 day moving average is $323.47 and its 200 day moving average is $311.02. Enstar Group has a 12-month low of $229.57 and a 12-month high of $348.48. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 6.23 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34.

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. The firm had revenue of $159.00 million for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%.

Institutional Trading of Enstar Group

A number of hedge funds have recently bought and sold shares of ESGR. Janus Henderson Group PLC boosted its stake in Enstar Group by 87.4% in the first quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after acquiring an additional 4,586 shares during the last quarter. Swiss National Bank raised its holdings in shares of Enstar Group by 8.6% in the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after purchasing an additional 1,900 shares during the period. BNP Paribas Financial Markets lifted its stake in Enstar Group by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after purchasing an additional 2,713 shares during the last quarter. Franklin Resources Inc. grew its holdings in Enstar Group by 46.4% during the fourth quarter. Franklin Resources Inc. now owns 8,793 shares of the insurance provider’s stock valued at $2,588,000 after purchasing an additional 2,786 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Enstar Group by 759.1% in the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock worth $1,984,000 after buying an additional 5,640 shares during the last quarter. 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.