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

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

Enstar Group Price Performance

Shares of Enstar Group stock opened at $325.77 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50 day simple moving average is $323.64 and its two-hundred day simple moving average is $320.58. The stock has a market capitalization of $4.96 billion, a P/E ratio of 4.93 and a beta of 0.65. Enstar Group has a one year low of $262.54 and a one year high of $348.48.

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

Institutional Investors Weigh In On Enstar Group

Large investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in shares of Enstar Group during the first quarter valued at approximately $322,000. CWM LLC boosted its position in shares of Enstar Group by 57.6% during the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Enstar Group by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after acquiring an additional 65 shares in the last quarter. Catalyst Financial Partners LLC bought a new stake in Enstar Group in the second quarter worth $205,000. Finally, Bank of New York Mellon Corp boosted its holdings in Enstar Group by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider’s stock worth $15,577,000 after acquiring an additional 5,827 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

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.