Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a report issued on Thursday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Trading Up 0.0 %

Shares of NASDAQ:ESGR opened at $332.05 on Thursday. The firm has a fifty day moving average of $329.76 and a two-hundred day moving average of $325.43. 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 12-month low of $275.02 and a 12-month high of $348.48. The firm has a market capitalization of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $240.00 million during the quarter.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.00% of the company’s stock.

Institutional Trading of Enstar Group

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in Enstar Group in the 3rd quarter worth approximately $930,000. Citigroup Inc. lifted its stake in shares of Enstar Group by 10.6% in the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after buying an additional 1,198 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Enstar Group by 2.3% in the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 90 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of Enstar Group during the 3rd quarter worth $50,000. Finally, BNP Paribas Financial Markets raised its holdings in Enstar Group by 35.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock worth $2,080,000 after acquiring an additional 1,692 shares during the period. 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.