Enstar Group (NASDAQ:ESGR) Now Covered by StockNews.com

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

Enstar Group Price Performance

Shares of ESGR stock traded up $0.05 on Thursday, reaching $332.05. 185,990 shares of the company were exchanged, compared to its average volume of 87,661. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day moving average price of $329.76 and a 200 day moving average price of $325.45. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $240.00 million for the quarter.

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Insider Buying and Selling at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction dated 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 filing with the SEC, which is available through this link. 8.00% of the stock is currently owned by insiders.

Institutional Trading of Enstar Group

A number of hedge funds have recently bought and sold shares of ESGR. NewEdge Advisors LLC boosted its position in shares of Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after acquiring an additional 31 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Enstar Group by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider's stock valued at $427,000 after buying an additional 42 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Enstar Group by 2.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider's stock valued at $573,000 after acquiring an additional 43 shares during the last quarter. Xponance Inc. lifted its holdings in Enstar Group by 9.5% in the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider's stock valued at $293,000 after acquiring an additional 79 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Enstar Group by 2.3% in the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider's stock worth $1,303,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.

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.