Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

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

Enstar Group Stock Performance

NASDAQ:ESGR opened at $323.90 on Friday. 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 firm has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65. The firm’s fifty day moving average price is $324.16 and its 200 day moving average price is $321.21. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48.

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

Institutional Trading of Enstar Group

A number of institutional investors have recently modified their holdings of the business. Glazer Capital LLC acquired a new stake in Enstar Group in the third quarter valued at $59,941,000. Alpine Associates Management Inc. acquired a new stake in shares of Enstar Group in the third quarter valued at about $24,465,000. Slotnik Capital LLC purchased a new stake in Enstar Group during the third quarter worth about $10,291,000. Dimensional Fund Advisors LP grew its position in Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after buying an additional 30,831 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Enstar Group in the second quarter valued at about $7,394,000. 81.01% of the stock is currently owned by hedge funds and other 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.