BidaskClub Upgrades Enstar Group (NASDAQ:ESGR) to “Hold”

BidaskClub upgraded shares of Enstar Group (NASDAQ:ESGR) from a sell rating to a hold rating in a research note published on Friday, BidAskClub reports.

Several other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Enstar Group from a sell rating to a hold rating in a report on Wednesday, May 1st. TheStreet upgraded shares of Enstar Group from a c rating to a b- rating in a report on Thursday, May 16th.

Enstar Group stock opened at $166.07 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.01 and a quick ratio of 1.01. Enstar Group has a 52-week low of $150.32 and a 52-week high of $218.27. The stock’s 50 day moving average price is $173.54.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $9.22 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 16.11% and a return on equity of 4.08%. The firm had revenue of $426.48 million during the quarter.

In other news, Director Hans-Peter Gerhardt purchased 6,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $166.90 per share, for a total transaction of $1,001,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ESGR. Manchester Capital Management LLC bought a new stake in shares of Enstar Group in the 1st quarter valued at $40,000. Bremer Bank National Association bought a new stake in shares of Enstar Group in the 1st quarter valued at $45,000. Advisor Group Inc. increased its stake in shares of Enstar Group by 41.4% in the 4th quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 82 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Enstar Group in the 4th quarter valued at $101,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Enstar Group in the 2nd quarter valued at $238,000. Institutional investors own 71.06% of the company’s stock.

Enstar Group Company Profile

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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