Enstar Group (NASDAQ:ESGR) Earns Hold Rating from Analysts at StockNews.com

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

Enstar Group Stock Down 0.7 %

NASDAQ ESGR opened at $330.10 on Friday. 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 52 week low of $275.02 and a 52 week high of $348.48. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 5.00 and a beta of 0.56. The company has a fifty day moving average of $330.96 and a two-hundred day moving average of $326.43.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 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 $240.00 million during the quarter.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESGR. Quantbot Technologies LP purchased a new position in shares of Enstar Group during the fourth quarter worth approximately $171,000. JPMorgan Chase & Co. increased its holdings in Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after purchasing an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in Enstar Group during the 4th quarter valued at $5,346,000. Wolverine Asset Management LLC raised its position in Enstar Group by 175.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock valued at $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Enstar Group by 6.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider’s stock worth $9,036,000 after buying an additional 1,744 shares during the period. 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.