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

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Enstar Group Stock Performance

ESGR opened at $323.94 on Tuesday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 5.52 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. Enstar Group has a 12-month low of $249.24 and a 12-month high of $348.48. The business has a 50 day moving average of $322.01 and a 200-day moving average of $317.58.

Hedge Funds Weigh In On Enstar Group

A number of large investors have recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in Enstar Group during the 3rd quarter worth $930,000. Alpine Associates Management Inc. acquired a new position in Enstar Group during the 3rd quarter worth about $24,465,000. Meeder Asset Management Inc. acquired a new position in Enstar Group during the 3rd quarter worth about $1,517,000. Entropy Technologies LP acquired a new position in shares of Enstar Group in the 3rd quarter valued at about $407,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Enstar Group in the 3rd quarter valued at about $497,000. Institutional investors 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.