StockNews.com Initiates Coverage on Enstar Group (NASDAQ:ESGR)

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

Enstar Group Stock Up 0.5 %

ESGR stock opened at $325.10 on Tuesday. The company’s 50 day moving average is $322.17 and its 200 day moving average is $317.91. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. Enstar Group has a 1-year low of $255.99 and a 1-year high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share 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 $177.00 million for the quarter.

Institutional Trading of Enstar Group

Hedge funds have recently bought and sold shares of the company. ClearAlpha Technologies LP bought a new stake in shares of Enstar Group in the 3rd quarter worth approximately $1,981,000. Athos Capital Ltd purchased a new position in Enstar Group in the 3rd quarter worth $2,476,000. Glazer Capital LLC bought a new stake in Enstar Group in the third quarter worth $59,941,000. Slotnik Capital LLC purchased a new stake in Enstar Group during the third quarter valued at about $10,291,000. Finally, Verition Fund Management LLC bought a new position in shares of Enstar Group during the third quarter valued at about $3,044,000. 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.