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

Analysts at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "hold" rating on the insurance provider's stock.

Enstar Group Trading Up 0.2 %

Shares of NASDAQ ESGR traded up $0.77 during trading hours on Monday, hitting $322.34. The company's stock had a trading volume of 82,878 shares, compared to its average volume of 76,298. Enstar Group has a 12 month low of $262.54 and a 12 month high of $348.48. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day simple moving average of $324.15 and a 200-day simple moving average of $322.58.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 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 $177.00 million for the quarter.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Enstar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESGR. Bank of New York Mellon Corp grew its position in shares of Enstar Group by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider's stock worth $15,577,000 after buying an additional 5,827 shares during the period. Mraz Amerine & Associates Inc. grew its holdings in Enstar Group by 0.5% in the second quarter. Mraz Amerine & Associates Inc. now owns 103,462 shares of the insurance provider's stock worth $31,628,000 after purchasing an additional 513 shares during the period. Rhumbline Advisers increased its stake in shares of Enstar Group by 2.8% during the second quarter. Rhumbline Advisers now owns 23,193 shares of the insurance provider's stock valued at $7,090,000 after purchasing an additional 624 shares in the last quarter. VELA Investment Management LLC lifted its holdings in shares of Enstar Group by 110.0% during the second 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 boosted its position in shares of 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 in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

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.