Analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR - Get Free Report) in a research note issued to investors on Friday. The firm set a "hold" rating on the insurance provider's stock.
Enstar Group Stock Performance
Shares of Enstar Group stock traded up $0.01 on Friday, reaching $332.38. 145,494 shares of the company traded hands, compared to its average volume of 91,817. The company has a 50 day moving average of $330.48 and a 200 day moving average of $326.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a 52 week low of $275.02 and a 52 week high of $348.48. The firm has a market capitalization of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61.
Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The business had revenue of $240.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.
Insider Activity at Enstar Group
In related news, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Enstar Group
Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after acquiring an additional 31 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Enstar Group by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider's stock worth $427,000 after purchasing an additional 42 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Enstar Group by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider's stock worth $573,000 after purchasing an additional 43 shares in the last quarter. Xponance Inc. increased its position in shares of Enstar Group by 9.5% during the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider's stock valued at $293,000 after purchasing an additional 79 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Enstar Group by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider's stock valued at $1,303,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 81.01% of the company's stock.
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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