Enstar Group (ESGR) Lowered to Sell at BidaskClub

Enstar Group (NASDAQ:ESGR) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, December 16th.

Enstar Group (NASDAQ ESGR) traded up $4.45 during mid-day trading on Friday, hitting $213.00. 40,368 shares of the stock traded hands, compared to its average volume of 42,046. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. Enstar Group has a twelve month low of $180.50 and a twelve month high of $237.30. The stock has a market cap of $3,440.00, a price-to-earnings ratio of 20.58 and a beta of 0.83.

Several hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in shares of Enstar Group by 1.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 21,315 shares of the insurance provider’s stock worth $4,739,000 after acquiring an additional 375 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Enstar Group by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 39,786 shares of the insurance provider’s stock worth $8,846,000 after acquiring an additional 786 shares in the last quarter. Lagoda Investment Management L.P. boosted its stake in shares of Enstar Group by 27.3% during the 3rd quarter. Lagoda Investment Management L.P. now owns 29,432 shares of the insurance provider’s stock worth $6,544,000 after acquiring an additional 6,316 shares in the last quarter. Aureus Asset Management LLC purchased a new stake in shares of Enstar Group during the 3rd quarter worth about $912,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Enstar Group by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 52,419 shares of the insurance provider’s stock worth $11,656,000 after acquiring an additional 2,403 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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Enstar Group Company Profile

Enstar Group Limited is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. The Company’s segments include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.

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