StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Wednesday. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Down 0.1 %

Enstar Group stock opened at $321.05 on Wednesday. The firm has a 50 day moving average price of $323.47 and a two-hundred day moving average price of $311.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. Enstar Group has a 52-week low of $229.57 and a 52-week high of $348.48. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 6.23 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 (EPS) for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%. The business had revenue of $159.00 million for the quarter.

Hedge Funds Weigh In On Enstar Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Enstar Group during the fourth quarter worth $40,397,000. UBS Group AG grew its stake in shares of Enstar Group by 19.7% in the 4th quarter. UBS Group AG now owns 30,362 shares of the insurance provider’s stock valued at $8,937,000 after buying an additional 4,997 shares during the period. Franklin Resources Inc. increased its position in Enstar Group by 46.4% in the 4th quarter. Franklin Resources Inc. now owns 8,793 shares of the insurance provider’s stock valued at $2,588,000 after buying an additional 2,786 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in Enstar Group during the 4th quarter worth approximately $318,000. Finally, First Pacific Advisors LP boosted its holdings in Enstar Group by 26.8% in the fourth quarter. First Pacific Advisors LP now owns 5,585 shares of the insurance provider’s stock worth $1,644,000 after acquiring an additional 1,180 shares in the last quarter. 81.01% of the stock is currently 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.