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

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

Enstar Group Stock Down 0.4 %

Shares of ESGR opened at $332.75 on Friday. The firm has a market cap of $4.95 billion, a P/E ratio of 5.04 and a beta of 0.61. Enstar Group has a 12 month low of $275.02 and a 12 month high of $348.48. The stock’s 50 day moving average is $330.26 and its two-hundred day moving average is $325.78. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Enstar Group by 2.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider’s stock valued at $573,000 after buying an additional 43 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Enstar Group during the 4th quarter valued at about $354,000. Credit Industriel ET Commercial purchased a new stake in Enstar Group during the 4th quarter valued at about $5,383,000. Public Employees Retirement System of Ohio raised its holdings in Enstar Group by 104.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 18,307 shares of the insurance provider’s stock valued at $5,896,000 after acquiring an additional 9,335 shares during the last quarter. Finally, Vise Technologies Inc. lifted its stake in Enstar Group by 49.4% in the 4th quarter. Vise Technologies Inc. now owns 1,961 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

About Enstar Group

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.