Investment analysts at StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR - Get Free Report) in a report released on Wednesday. The firm set a "hold" rating on the insurance provider's stock.
Enstar Group Stock Performance
Shares of ESGR stock opened at $331.61 on Wednesday. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 5.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average of $328.57 and a 200 day moving average of $325.04. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48.
Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The company 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 Buying and Selling at Enstar Group
In other Enstar Group news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the transaction, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.00% of the company's stock.
Hedge Funds Weigh In On Enstar Group
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock valued at $12,102,000 after buying an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Enstar Group in the 4th quarter valued at about $5,346,000. Wolverine Asset Management LLC increased its stake in shares of Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Citigroup Inc. increased its stake in shares of Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider's stock valued at $4,015,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in shares of Enstar Group in the 4th quarter valued at about $5,295,000. Hedge funds and other 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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