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

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

Enstar Group Stock Up 0.3 %

Shares of Enstar Group stock traded up $0.90 during trading on Thursday, reaching $321.30. The company had a trading volume of 69,125 shares, compared to its average volume of 72,870. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 6.22 and a beta of 0.66. The firm’s fifty day moving average is $317.90 and its 200-day moving average is $301.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.31. Enstar Group has a fifty-two week low of $229.57 and a fifty-two week high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share 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 during the quarter.

Institutional Investors Weigh In On Enstar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in Enstar Group by 87.4% in the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after buying an additional 4,586 shares during the last quarter. Swiss National Bank grew its stake in Enstar Group by 8.6% in the 1st quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock valued at $7,458,000 after buying an additional 1,900 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Enstar Group by 48.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after buying an additional 2,713 shares during the last quarter. Franklin Resources Inc. grew its stake 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 during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Enstar Group by 759.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after buying an additional 5,640 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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.