Enstar Group (NASDAQ:ESGR) Releases Earnings Results

Enstar Group (NASDAQ:ESGR) announced its quarterly earnings data on Tuesday. The insurance provider reported $8.51 earnings per share (EPS) for the quarter, reports. The company had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Enstar Group Price Performance

Shares of Enstar Group stock opened at $323.50 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The firm’s 50 day moving average price is $322.17 and its 200-day moving average price is $317.91. Enstar Group has a 52-week low of $255.99 and a 52-week high of $348.48.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Tuesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Enstar Group

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Enstar Group by 87.4% during the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after purchasing an additional 4,586 shares during the last quarter. Swiss National Bank boosted its holdings in Enstar Group by 8.6% in the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after acquiring an additional 1,900 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Enstar Group by 48.6% during the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock worth $2,577,000 after acquiring an additional 2,713 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enstar Group by 759.1% during the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after acquiring an additional 5,640 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after purchasing an additional 22,761 shares in the last quarter. 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.