Enstar Group (NASDAQ:ESGR) Rating Lowered to Sell at ValuEngine

Enstar Group (NASDAQ:ESGR) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Separately, BidaskClub raised Enstar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 2nd.

Enstar Group stock opened at $203.86 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $4.35 billion, a P/E ratio of 26.41 and a beta of 0.70. The business’s fifty day moving average is $193.47 and its two-hundred day moving average is $180.16. Enstar Group has a 52 week low of $150.32 and a 52 week high of $206.37.

Several hedge funds have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. raised its position in shares of Enstar Group by 5.8% during the second quarter. First Republic Investment Management Inc. now owns 1,587 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 87 shares during the last quarter. First Trust Advisors LP raised its position in shares of Enstar Group by 3.9% during the second quarter. First Trust Advisors LP now owns 3,734 shares of the insurance provider’s stock worth $651,000 after acquiring an additional 139 shares during the last quarter. M&T Bank Corp raised its position in shares of Enstar Group by 5.0% during the second quarter. M&T Bank Corp now owns 3,273 shares of the insurance provider’s stock worth $570,000 after acquiring an additional 157 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Enstar Group by 3.8% during the third quarter. Virginia Retirement Systems ET AL now owns 5,500 shares of the insurance provider’s stock worth $1,045,000 after acquiring an additional 200 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Enstar Group by 3.9% during the third quarter. Synovus Financial Corp now owns 5,536 shares of the insurance provider’s stock worth $1,053,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 69.67% of the company’s stock.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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