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

Analysts at StockNews.com started coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

NASDAQ ESGR opened at $326.00 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.33. The stock’s fifty day moving average price is $323.53 and its 200 day moving average price is $307.45. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 6.33 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The firm had revenue of $159.00 million for the quarter.

Institutional Investors Weigh In On Enstar Group

Hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new stake in Enstar Group in the second quarter valued at $31,000. CWM LLC boosted its holdings in Enstar Group by 293.3% in the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 88 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Enstar Group in the second quarter valued at $80,000. EntryPoint Capital LLC purchased a new stake in Enstar Group in the first quarter valued at $147,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Enstar Group in the second quarter valued at $203,000. 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.