StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the insurance provider's stock.
Enstar Group Stock Performance
Shares of Enstar Group stock traded up $0.57 during trading hours on Tuesday, hitting $331.77. 36,086 shares of the company were exchanged, compared to its average volume of 116,046. 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 stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 5.02 and a beta of 0.64. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48. The business has a 50-day moving average of $328.18 and a 200-day moving average of $324.87.
Enstar Group (NASDAQ:ESGR - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share 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 for the quarter.
Insider Buying and Selling at Enstar Group
In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. JPMorgan Chase & Co. grew its position in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Enstar Group in the 4th quarter valued at $5,346,000. Wolverine Asset Management LLC increased its holdings in Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock worth $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider's stock valued at $4,015,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Syquant Capital Sas bought a new position in Enstar Group during the fourth quarter worth $5,295,000. Institutional investors and hedge funds own 81.01% of the company's stock.
About Enstar Group
(
Get Free Report)
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.
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