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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Down 0.0 %

Shares of NASDAQ ESGR opened at $326.93 on Tuesday. The firm has a fifty day simple moving average of $324.15 and a two-hundred day simple moving average of $323.22. Enstar Group has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.98 billion, a PE ratio of 4.95 and a beta of 0.65.

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

Insider Activity at Enstar Group

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its holdings in shares of Enstar Group by 0.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after acquiring an additional 38 shares in the last quarter. CWM LLC grew its position in Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 41 shares during the last quarter. US Bancorp DE increased its stake in Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System raised its holdings in Enstar Group by 1.9% in the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after buying an additional 63 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares in the last quarter. Institutional investors 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.