Enstar Group (NASDAQ:ESGR) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 1.0 %

NASDAQ ESGR opened at $323.36 on Thursday. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The business’s 50-day moving average is $322.04 and its 200 day moving average is $311.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $4.92 billion, a PE ratio of 6.28 and a beta of 0.66.

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

Institutional Investors Weigh In On Enstar Group

Several hedge funds have recently added to or reduced their stakes in ESGR. Farmers & Merchants Investments Inc. bought a new position in shares of Enstar Group during the second quarter valued at $31,000. CWM LLC increased its position in Enstar Group by 293.3% during the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 88 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Enstar Group during the second quarter valued at $80,000. EntryPoint Capital LLC purchased a new stake in Enstar Group in the first quarter worth about $147,000. Finally, SG Americas Securities LLC increased its position in Enstar Group by 19.9% in the third quarter. SG Americas Securities LLC now owns 488 shares of the insurance provider’s stock worth $157,000 after buying an additional 81 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

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.