Enstar Group (ESGR) Upgraded to “B” by TheStreet

TheStreet upgraded shares of Enstar Group (NASDAQ:ESGR) from a c+ rating to a b rating in a research report sent to investors on Tuesday, August 7th.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Enstar Group from a hold rating to a sell rating in a research report on Tuesday, July 3rd. ValuEngine downgraded Enstar Group from a buy rating to a hold rating in a research report on Wednesday, May 2nd.

Shares of ESGR stock traded down $0.15 during trading hours on Tuesday, reaching $213.50. 21,700 shares of the company’s stock were exchanged, compared to its average volume of 32,420. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.12. Enstar Group has a fifty-two week low of $183.85 and a fifty-two week high of $237.30. The company has a market cap of $4.58 billion, a PE ratio of 22.22 and a beta of 0.74.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Thursday, August 2nd. The insurance provider reported $4.01 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 6.02% and a net margin of 14.62%. The firm had revenue of $309.93 million for the quarter.

In other Enstar Group news, Director Robert J. Campbell sold 200 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $213.00, for a total transaction of $42,600.00. Following the sale, the director now directly owns 44,256 shares of the company’s stock, valued at approximately $9,426,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. lifted its stake in Enstar Group by 2.4% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 268,654 shares of the insurance provider’s stock valued at $56,485,000 after buying an additional 6,248 shares in the last quarter. Millennium Management LLC lifted its stake in Enstar Group by 145.8% in the 4th quarter. Millennium Management LLC now owns 8,997 shares of the insurance provider’s stock valued at $1,806,000 after buying an additional 5,337 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Enstar Group by 1.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 54,758 shares of the insurance provider’s stock valued at $11,513,000 after buying an additional 604 shares in the last quarter. Bailard Inc. purchased a new position in Enstar Group in the 1st quarter valued at about $421,000. Finally, Aperio Group LLC lifted its stake in Enstar Group by 9.1% in the 1st quarter. Aperio Group LLC now owns 3,338 shares of the insurance provider’s stock valued at $702,000 after buying an additional 279 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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