Enstar Group (NASDAQ:ESGR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note published on Thursday morning. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $332.00 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The stock’s 50-day moving average is $329.64 and its two-hundred day moving average is $325.39. Enstar Group has a 1-year low of $275.02 and a 1-year high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million for the quarter.

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

A number of hedge funds have recently modified their holdings of the business. Longfellow Investment Management Co. LLC acquired a new stake in shares of Enstar Group during the third quarter worth about $50,000. Key Financial Inc purchased a new position in Enstar Group during the fourth quarter worth about $52,000. NewEdge Advisors LLC increased its position in Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc acquired a new position in Enstar Group during the fourth quarter worth $96,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 363 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Company Profile

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.