Enstar Group (NASDAQ:ESGR) Now Covered by StockNews.com

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

Enstar Group Price Performance

NASDAQ:ESGR traded down $0.13 during mid-day trading on Friday, hitting $327.84. 56,056 shares of the company's stock traded hands, compared to its average volume of 90,358. 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 firm's 50 day simple moving average is $325.57 and its 200 day simple moving average is $323.80. Enstar Group has a 1 year low of $270.10 and a 1 year high of $348.48. The company has a market cap of $4.99 billion, a PE ratio of 4.96 and a beta of 0.64.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $177.00 million during the quarter.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors have recently bought and sold shares of ESGR. Creative Planning grew its holdings in Enstar Group by 23.5% in the second quarter. Creative Planning now owns 2,200 shares of the insurance provider's stock valued at $673,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC grew its holdings in Enstar Group by 19.9% in the third quarter. SG Americas Securities LLC now owns 488 shares of the insurance provider's stock valued at $157,000 after purchasing an additional 81 shares during the period. Handelsbanken Fonder AB grew its holdings in Enstar Group by 20.1% in the third quarter. Handelsbanken Fonder AB now owns 2,986 shares of the insurance provider's stock valued at $960,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC lifted its position in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock valued at $37,000 after buying an additional 82 shares in the last quarter. Finally, CWM LLC lifted its position in Enstar Group by 22.0% during the third quarter. CWM LLC now owns 227 shares of the insurance provider's stock valued at $73,000 after buying an additional 41 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

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.