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

StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $323.50 on Tuesday. The company’s 50 day moving average price is $322.10 and its 200-day moving average price is $317.87. Enstar Group has a 52 week low of $252.00 and a 52 week high of $348.48. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.61%.

Institutional Trading of Enstar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ESGR. Alpine Associates Management Inc. purchased a new stake in Enstar Group in the third quarter worth about $24,465,000. Dimensional Fund Advisors LP increased its position in Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after buying an additional 30,831 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Enstar Group during the second quarter worth about $7,394,000. Sequoia Financial Advisors LLC grew its position in shares of Enstar Group by 640.8% during the third quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock worth $8,462,000 after purchasing an additional 22,761 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Enstar Group by 14.0% during the second quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock worth $50,856,000 after purchasing an additional 20,416 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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.