StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a report issued on Tuesday. The brokerage issued a hold rating on the insurance provider's stock.
Enstar Group Price Performance
Shares of ESGR stock traded down $0.44 during trading hours on Tuesday, hitting $323.50. 62,081 shares of the company's stock were exchanged, compared to its average volume of 74,721. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.93 billion, a P/E ratio of 5.52 and a beta of 0.65. The firm has a 50 day moving average of $322.01 and a two-hundred day moving average of $317.58. Enstar Group has a fifty-two week low of $249.24 and a fifty-two week high of $348.48.
Hedge Funds Weigh In On Enstar Group
Hedge funds have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new position in shares of Enstar Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC grew its stake in shares of Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock valued at $43,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Enstar Group in the 3rd quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in Enstar Group by 57.6% during the second quarter. CWM LLC now owns 186 shares of the insurance provider's stock worth $57,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company's stock.
About Enstar Group
(
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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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