Enstar Group (NASDAQ:ESGR) Research Coverage Started at StockNews.com

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

Enstar Group Stock Performance

Shares of ESGR stock opened at $331.20 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 52 week low of $275.02 and a 52 week high of $348.48. The stock has a market capitalization of $5.04 billion, a PE ratio of 5.01 and a beta of 0.64. The firm has a 50 day moving average of $327.99 and a two-hundred day moving average of $324.82.

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

Insider Transactions at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ESGR. Glazer Capital LLC acquired a new position in Enstar Group in the third quarter valued at $59,941,000. Tudor Investment Corp ET AL increased its position in shares of Enstar Group by 175.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider’s stock worth $83,177,000 after purchasing an additional 164,649 shares in the last quarter. Norges Bank acquired a new stake in shares of Enstar Group during the fourth quarter worth about $42,516,000. Decagon Asset Management LLP acquired a new stake in shares of Enstar Group during the fourth quarter worth about $32,614,000. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Enstar Group during the third quarter worth about $24,465,000. 81.01% of the stock is 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.