Enstar Group (NASDAQ:ESGR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR - Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the insurance provider's stock.

Enstar Group Price Performance

ESGR stock traded down $0.19 on Wednesday, hitting $326.31. 88,703 shares of the company's stock traded hands, compared to its average volume of 115,478. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 4.94 and a beta of 0.65. Enstar Group has a 1-year low of $262.54 and a 1-year high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $324.50 and a 200-day moving average of $323.93.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company's stock, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Enstar Group

Several hedge funds have recently bought and sold shares of ESGR. CWM LLC lifted its position in shares of Enstar Group by 22.0% in the third quarter. CWM LLC now owns 227 shares of the insurance provider's stock worth $73,000 after purchasing an additional 41 shares in the last quarter. US Bancorp DE increased its stake in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock valued at $68,000 after buying an additional 61 shares during the period. Blue Trust Inc. lifted its position in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock worth $43,000 after buying an additional 65 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Enstar Group by 19.9% during the 3rd quarter. SG Americas Securities LLC now owns 488 shares of the insurance provider's stock valued at $157,000 after acquiring an additional 81 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock worth $37,000 after acquiring an additional 82 shares during the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

About Enstar Group

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.