Stock analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR - Get Free Report) in a research note issued to investors on Monday. The firm set a "hold" rating on the insurance provider's stock.
Enstar Group Trading Down 0.1 %
Shares of NASDAQ ESGR traded down $0.37 during trading on Monday, reaching $332.34. The company had a trading volume of 129,082 shares, compared to its average volume of 106,710. The stock has a market cap of $5.06 billion, a P/E ratio of 5.03 and a beta of 0.64. The company's fifty day moving average price is $327.02 and its 200-day moving average price is $324.42. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a 12 month low of $275.02 and a 12 month high of $348.48.
Insiders Place Their Bets
In other Enstar Group 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 transaction of $32,344.00. Following the transaction, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.00% of the company's stock.
Institutional Trading of Enstar Group
Several large investors have recently made changes to their positions in ESGR. Blue Trust Inc. boosted its holdings in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group in the 3rd quarter worth $48,000. Longfellow Investment Management Co. LLC bought a new position in shares of Enstar Group in the third quarter valued at approximately $50,000. Key Financial Inc bought a new position in Enstar Group in the 4th quarter valued at $52,000. Finally, US Bancorp DE raised its position in Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock worth $68,000 after acquiring an additional 61 shares during the period. 81.01% of the stock is currently owned by institutional investors and hedge funds.
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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