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

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

Enstar Group Stock Up 0.2 %

NASDAQ:ESGR opened at $322.34 on Monday. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $324.15 and its 200 day moving average price is $322.58.

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

Insider Transactions at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of Enstar Group by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider’s stock valued at $15,577,000 after acquiring an additional 5,827 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its holdings in shares of Enstar Group by 0.5% during the second quarter. Mraz Amerine & Associates Inc. now owns 103,462 shares of the insurance provider’s stock worth $31,628,000 after buying an additional 513 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Enstar Group by 2.8% in the second quarter. Rhumbline Advisers now owns 23,193 shares of the insurance provider’s stock worth $7,090,000 after acquiring an additional 624 shares during the last quarter. VELA Investment Management LLC raised its stake in Enstar Group by 110.0% during the 2nd quarter. VELA Investment Management LLC now owns 4,998 shares of the insurance provider’s stock valued at $1,528,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 63 shares during the last quarter. 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.