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

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

Enstar Group Stock Down 0.2 %

Shares of NASDAQ:ESGR opened at $324.70 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The firm has a market capitalization of $4.95 billion, a P/E ratio of 4.92 and a beta of 0.65. The stock has a 50 day moving average price of $323.16 and a 200-day moving average price of $319.95.

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

Institutional Investors Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ESGR. Dimensional Fund Advisors LP lifted its holdings in shares of Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after purchasing an additional 30,831 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 last quarter. State Street Corp boosted 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 acquiring an additional 1,130 shares in the last quarter. Harspring Capital Management LLC grew its stake in shares of 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 acquiring an additional 6,750 shares during the last quarter. Finally, Glazer Capital LLC bought a new position in shares of Enstar Group during the third quarter valued at $59,941,000. 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.