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

StockNews.com initiated coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note released on Thursday. The firm issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $325.35 on Thursday. Enstar Group has a 1 year low of $262.54 and a 1 year high of $348.48. The firm’s fifty day simple moving average is $322.98 and its 200 day simple moving average is $319.66. 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 firm has a market capitalization of $4.96 billion, a PE ratio of 4.93 and a beta of 0.65.

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

Institutional Investors Weigh In On Enstar Group

A number of institutional investors and hedge funds have recently modified their holdings of ESGR. Franklin Resources Inc. grew its holdings in Enstar Group by 52.8% during the third quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider’s stock valued at $5,118,000 after purchasing an additional 5,489 shares during the period. Tidal Investments LLC lifted its position in shares of Enstar Group by 15.6% in the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider’s stock worth $738,000 after purchasing an additional 310 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Enstar Group during the third quarter worth $547,000. Barclays PLC raised its position in Enstar Group by 319.2% during the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock worth $6,278,000 after acquiring an additional 14,867 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Enstar Group during the third quarter worth $2,885,000. 81.01% of the stock is owned by 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.