TheStreet cut shares of Enstar Group (NASDAQ:ESGR) from a b- rating to a c+ rating in a research report sent to investors on Friday, TheStreetRatingsTable reports.
Separately, BidaskClub cut Enstar Group from a sell rating to a strong sell rating in a research note on Saturday.
ESGR stock opened at $158.48 on Friday. The company has a market cap of $3.51 billion, a P/E ratio of 5.87 and a beta of 0.55. Enstar Group has a twelve month low of $94.58 and a twelve month high of $213.99. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $176.90 and a 200-day moving average of $158.96.
Enstar Group (NASDAQ:ESGR) last released its earnings results on Monday, August 10th. The insurance provider reported $26.05 earnings per share for the quarter. The company had revenue of $246.24 million during the quarter. Enstar Group had a return on equity of 11.88% and a net margin of 36.46%.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. acquired a new stake in shares of Enstar Group during the first quarter worth $47,000. Arlington Partners LLC acquired a new stake in shares of Enstar Group during the second quarter worth $50,000. Macquarie Group Ltd. acquired a new stake in shares of Enstar Group during the second quarter worth $92,000. XTX Markets LLC acquired a new stake in shares of Enstar Group during the second quarter worth $201,000. Finally, Virtu Financial LLC acquired a new stake in shares of Enstar Group during the second quarter worth $202,000. 68.73% of the stock is owned by institutional investors and hedge funds.
About Enstar Group
Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.
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