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

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

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $320.00 on Friday. The business has a fifty day moving average of $324.52 and a 200-day moving average of $308.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. Enstar Group has a twelve month low of $229.57 and a twelve month high of $348.48. The firm has a market cap of $4.87 billion, a PE ratio of 6.21 and a beta of 0.66.

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

Hedge Funds Weigh In On Enstar Group

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Enstar Group in the fourth quarter valued at approximately $40,397,000. Crow s Nest Holdings LP bought a new position in shares of Enstar Group in the 4th quarter worth $39,737,000. NFC Investments LLC acquired a new stake in shares of Enstar Group during the fourth quarter worth $25,720,000. Dimensional Fund Advisors LP increased its holdings in Enstar Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock valued at $213,698,000 after purchasing an additional 39,137 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Enstar Group in the second quarter valued at about $7,394,000. 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.