StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a research note released on Saturday. The firm issued a hold rating on the insurance provider's stock.
Enstar Group Trading Down 0.2 %
ESGR stock traded down $0.71 during mid-day trading on Friday, reaching $324.45. 177,927 shares of the stock traded hands, compared to its average volume of 75,452. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The stock's fifty day moving average is $324.10 and its 200-day moving average is $321.06. The company has a market cap of $4.94 billion, a P/E ratio of 4.91 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.
Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $177.00 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ESGR. CWM LLC grew its stake in Enstar Group by 57.6% during the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider's stock valued at $57,000 after acquiring an additional 68 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Enstar Group by 3.9% during the second 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 in the last quarter. Catalyst Financial Partners LLC acquired a new position in Enstar Group in the 2nd quarter valued at approximately $205,000. Bank of New York Mellon Corp lifted its position in Enstar Group by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider's stock worth $15,577,000 after buying an additional 5,827 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider's stock valued at $126,087,000 after buying an additional 9,520 shares during the period. Hedge funds and other institutional investors 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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