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

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

Enstar Group Price Performance

Shares of Enstar Group stock opened at $324.70 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The company has a fifty day moving average of $323.16 and a 200-day moving average of $319.95. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 4.92 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last posted its quarterly 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 during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Hedge Funds Weigh In On Enstar Group

A number of large investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in shares of Enstar Group in the second quarter worth $31,000. GAMMA Investing LLC grew its holdings in Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares during the last quarter. Blue Trust Inc. increased its position in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group during the third quarter valued at about $48,000. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of Enstar Group during the third quarter worth about $50,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

About Enstar Group

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.