StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a report released on Monday. The firm issued a hold rating on the insurance provider's stock.
Enstar Group Stock Up 0.4 %
NASDAQ ESGR traded up $1.24 during mid-day trading on Monday, reaching $322.98. 35,114 shares of the company's stock traded hands, compared to its average volume of 75,104. Enstar Group has a 1-year low of $247.93 and a 1-year high of $348.48. The company has a fifty day simple moving average of $322.22 and a 200-day simple moving average of $316.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 5.51 and a beta of 0.65.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in shares of Enstar Group by 0.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider's stock worth $2,127,000 after acquiring an additional 38 shares in the last quarter. CWM LLC boosted its position in Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider's stock valued at $73,000 after purchasing an additional 41 shares during the period. US Bancorp DE boosted its position in Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 61 shares during the period. Arizona State Retirement System boosted its position in Enstar Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider's stock valued at $1,041,000 after purchasing an additional 63 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Enstar Group by 3.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider's stock valued at $526,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.
Enstar Group Company Profile
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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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