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

Investment analysts at StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a report released on Wednesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Trading Up 0.0 %

Shares of Enstar Group stock opened at $323.82 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group has a twelve month low of $261.76 and a twelve month high of $348.48. The business has a 50-day moving average price of $322.46 and a 200-day moving average price of $318.84. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESGR. Dimensional Fund Advisors LP lifted its stake in Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after purchasing an additional 30,831 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Enstar Group by 2.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock valued at $126,087,000 after buying an additional 9,520 shares during the period. State Street Corp grew its holdings in Enstar Group by 0.3% in the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after purchasing an additional 1,130 shares during the last quarter. Harspring Capital Management LLC grew its holdings in Enstar Group by 3.6% in the second quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after purchasing an additional 6,750 shares during the last quarter. Finally, Glazer Capital LLC acquired a new stake in shares of Enstar Group during the third quarter worth $59,941,000. 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.