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

Analysts at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Up 0.0 %

ESGR stock opened at $323.82 on Wednesday. The stock has a market capitalization of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The firm has a 50-day simple moving average of $322.46 and a 200-day simple moving average of $318.84. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 52 week low of $261.76 and a 52 week high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $177.00 million during the quarter.

Institutional Trading of Enstar Group

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock valued at $126,087,000 after acquiring an additional 9,520 shares in the last quarter. State Street Corp grew its stake in Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after acquiring an additional 1,130 shares in the last quarter. Harspring Capital Management LLC grew its stake in Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock valued at $59,612,000 after acquiring an additional 6,750 shares in the last quarter. Finally, Glazer Capital LLC acquired a new position in Enstar Group in the 3rd quarter valued at about $59,941,000. 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.