Enstar Group (NASDAQ:ESGR) Downgraded by BidaskClub

BidaskClub lowered shares of Enstar Group (NASDAQ:ESGR) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

NASDAQ ESGR opened at $167.95 on Thursday. The firm’s 50-day moving average is $161.43 and its two-hundred day moving average is $164.16. Enstar Group has a 12 month low of $94.58 and a 12 month high of $213.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $3.72 billion, a P/E ratio of 163.06 and a beta of 0.54.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Thursday, May 7th. The insurance provider reported ($15.60) EPS for the quarter. Enstar Group had a net margin of 36.46% and a return on equity of 0.96%. The company had revenue of $365.71 million during the quarter.

In other Enstar Group news, Director Hans-Peter Gerhardt purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $123.50 per share, for a total transaction of $494,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of ESGR. Norges Bank purchased a new stake in Enstar Group during the fourth quarter worth about $27,012,000. Advisory Research Inc. increased its stake in Enstar Group by 57.2% during the first quarter. Advisory Research Inc. now owns 241,954 shares of the insurance provider’s stock worth $38,483,000 after purchasing an additional 88,069 shares during the period. Wells Fargo & Company MN increased its stake in Enstar Group by 15.6% during the first quarter. Wells Fargo & Company MN now owns 279,334 shares of the insurance provider’s stock worth $44,428,000 after purchasing an additional 37,744 shares during the period. Wellington Management Group LLP increased its stake in Enstar Group by 3.0% during the first quarter. Wellington Management Group LLP now owns 1,086,051 shares of the insurance provider’s stock worth $172,734,000 after purchasing an additional 31,508 shares during the period. Finally, Comerica Bank increased its stake in Enstar Group by 46.9% during the first quarter. Comerica Bank now owns 63,512 shares of the insurance provider’s stock worth $8,832,000 after purchasing an additional 20,276 shares during the period. Institutional investors own 68.44% of the company’s stock.

About Enstar Group

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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