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

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

Enstar Group Stock Performance

Shares of ESGR stock opened at $320.71 on Friday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 6.23 and a beta of 0.66. The stock has a fifty day moving average of $319.70 and a 200 day moving average of $303.72. Enstar Group has a 52 week low of $229.57 and a 52 week high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.31 and a debt-to-equity ratio of 0.34.

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

Institutional Investors Weigh In On Enstar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new stake in Enstar Group in the second quarter worth about $31,000. CWM LLC increased its position in Enstar Group by 293.3% during the 1st quarter. CWM LLC now owns 118 shares of the insurance provider’s stock valued at $37,000 after buying an additional 88 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in Enstar Group during the second quarter valued at $80,000. Naples Money Management LLC bought a new stake in Enstar Group in the fourth quarter worth $103,000. Finally, EntryPoint Capital LLC bought a new position in Enstar Group in the 1st quarter worth about $147,000. 81.01% of the stock is owned by hedge funds and other 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.