Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

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

Enstar Group Trading Down 1.0 %

NASDAQ:ESGR opened at $322.82 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. Enstar Group has a fifty-two week low of $229.57 and a fifty-two week high of $348.48. The stock’s 50-day moving average is $324.20 and its two-hundred day moving average is $308.22. The stock has a market cap of $4.92 billion, a PE ratio of 6.27 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. The company had revenue of $159.00 million for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%.

Institutional Investors Weigh In On Enstar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. Norges Bank acquired a new stake in Enstar Group in the 4th quarter worth approximately $40,397,000. Crow s Nest Holdings LP acquired a new stake in Enstar Group in the 4th quarter worth approximately $39,737,000. NFC Investments LLC acquired a new stake in Enstar Group in the 4th quarter worth approximately $25,720,000. Dimensional Fund Advisors LP lifted its holdings in shares of Enstar Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after buying an additional 39,137 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Enstar Group during the second quarter worth approximately $7,394,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

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.