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

StockNews.com began coverage on shares of Enstar Group (NASDAQ:ESGR) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the insurance provider’s stock.

Enstar Group Price Performance

ESGR stock opened at $330.93 on Friday. The company has a market capitalization of $5.04 billion, a P/E ratio of 5.01 and a beta of 0.64. 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 $275.02 and a 52-week high of $348.48. The business has a 50-day simple moving average of $325.82 and a two-hundred day simple moving average of $323.90.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company’s stock, valued at $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Enstar Group

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after buying an additional 31 shares in the last quarter. CWM LLC raised its holdings in shares of Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 41 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Enstar Group by 3.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 1,325 shares of the insurance provider’s stock worth $427,000 after purchasing an additional 42 shares during the period. US Bancorp DE raised its holdings in shares of Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 61 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares during the period. Institutional investors own 81.01% of the company’s stock.

Enstar Group Company Profile

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.