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

StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Sunday. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Up 0.2 %

Shares of NASDAQ ESGR opened at $322.15 on Friday. The business has a 50-day moving average price of $324.25 and a 200 day moving average price of $321.92. The stock has a market cap of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The business had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Activity

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the transaction, the director now directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESGR. Glazer Capital LLC acquired a new position in shares of Enstar Group during the 3rd quarter worth $59,941,000. Alpine Associates Management Inc. acquired a new position in Enstar Group during the third quarter worth about $24,465,000. Slotnik Capital LLC acquired a new stake in shares of Enstar Group during the 3rd quarter valued at approximately $10,291,000. Dimensional Fund Advisors LP boosted its stake in shares of Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after acquiring an additional 30,831 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Enstar Group in the 2nd quarter worth approximately $7,394,000. 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.