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

StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a report issued on Saturday. The brokerage issued a hold rating on the insurance provider's stock.

Enstar Group Trading Up 0.2 %

Shares of NASDAQ:ESGR traded up $0.70 during midday trading on Friday, hitting $332.54. 293,846 shares of the stock were exchanged, compared to its average volume of 95,380. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a 12 month low of $275.02 and a 12 month high of $348.48. The business's 50-day moving average price is $331.35 and its 200 day moving average price is $326.68. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The business 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 Transactions at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ESGR. Tudor Investment Corp ET AL lifted its position in Enstar Group by 175.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after purchasing an additional 164,649 shares during the last quarter. Norges Bank bought a new stake in shares of Enstar Group during the 4th quarter valued at $42,516,000. Decagon Asset Management LLP purchased a new stake in shares of Enstar Group in the 4th quarter worth about $32,614,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Enstar Group by 1,219.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,180 shares of the insurance provider's stock worth $20,025,000 after acquiring an additional 57,469 shares in the last quarter. Finally, Fort Baker Capital Management LP lifted its position in Enstar Group by 82.9% during the 4th quarter. Fort Baker Capital Management LP now owns 106,013 shares of the insurance provider's stock valued at $34,141,000 after acquiring an additional 48,035 shares during the period. Hedge funds and other 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.