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 Thursday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Up 0.0 %

Shares of NASDAQ:ESGR opened at $332.05 on Thursday. The firm has a fifty day moving average price of $329.76 and a two-hundred day moving average price of $325.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a one year low of $275.02 and a one year high of $348.48. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS 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 during the quarter.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Enstar Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after buying an additional 2,498 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in Enstar Group in the 4th quarter worth $5,346,000. Wolverine Asset Management LLC raised its position in Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock worth $1,370,000 after purchasing an additional 2,709 shares during the period. Citigroup Inc. raised its position in Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Enstar Group by 6.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider’s stock worth $9,036,000 after purchasing an additional 1,744 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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.