Enstar Group (NASDAQ:ESGR) Releases Quarterly Earnings Results

Enstar Group (NASDAQ:ESGR) issued its quarterly earnings results on Tuesday. The insurance provider reported $8.51 earnings per share (EPS) for the quarter, reports. The firm had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.61% and a net margin of 73.26%.

Enstar Group Price Performance

ESGR opened at $323.50 on Thursday. The business’s fifty day simple moving average is $322.10 and its 200 day simple moving average is $317.87. Enstar Group has a 52 week low of $252.00 and a 52 week high of $348.48. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.93 billion, a PE ratio of 4.90 and a beta of 0.65.

Hedge Funds Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently modified their holdings of ESGR. Daiwa Securities Group Inc. lifted its position in Enstar Group by 0.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after buying an additional 38 shares during the last quarter. CWM LLC lifted its holdings in shares of Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after acquiring an additional 41 shares during the last quarter. US Bancorp DE boosted its stake in shares of Enstar Group by 40.7% in 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 grew its holdings in shares of Enstar Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 65 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Tuesday. They set a “hold” rating for the company.

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.