StockNews.com Begins Coverage on Enstar Group (NASDAQ:ESGR)

StockNews.com assumed coverage on shares of Enstar Group (NASDAQ:ESGR) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Enstar Group Stock Down 0.1 %

ESGR stock opened at $321.05 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.89 billion, a PE ratio of 6.23 and a beta of 0.66. Enstar Group has a twelve month low of $229.57 and a twelve month high of $348.48. The stock has a 50-day simple moving average of $323.47 and a two-hundred day simple moving average of $311.02.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ESGR. Norges Bank purchased a new position in shares of Enstar Group during the fourth quarter worth about $40,397,000. UBS Group AG grew its holdings in shares of Enstar Group by 19.7% during the fourth quarter. UBS Group AG now owns 30,362 shares of the insurance provider’s stock worth $8,937,000 after purchasing an additional 4,997 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Enstar Group by 46.4% during the fourth quarter. Franklin Resources Inc. now owns 8,793 shares of the insurance provider’s stock worth $2,588,000 after purchasing an additional 2,786 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Enstar Group during the fourth quarter worth about $318,000. Finally, First Pacific Advisors LP boosted its stake in Enstar Group by 26.8% in the fourth quarter. First Pacific Advisors LP now owns 5,585 shares of the insurance provider’s stock worth $1,644,000 after buying an additional 1,180 shares in the last quarter. Hedge funds and other 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.