BidaskClub upgraded shares of Enstar Group (NASDAQ:ESGR) from a hold rating to a buy rating in a report published on Thursday, BidAskClub reports.
Separately, TheStreet raised shares of Enstar Group from a c rating to a b- rating in a research report on Thursday, May 16th.
Enstar Group stock traded up $1.70 during midday trading on Thursday, hitting $191.99. 82,722 shares of the stock were exchanged, compared to its average volume of 56,271. Enstar Group has a 1 year low of $150.32 and a 1 year high of $218.27. The firm has a market cap of $4.04 billion, a P/E ratio of 24.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $177.41 and a two-hundred day moving average price of $174.25.
Enstar Group (NASDAQ:ESGR) last released its earnings results on Tuesday, August 6th. The insurance provider reported $4.76 earnings per share for the quarter. The company had revenue of $365.33 million during the quarter. Enstar Group had a net margin of 24.47% and a return on equity of 4.49%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its holdings in shares of Enstar Group by 2.6% in the 2nd quarter. First Manhattan Co. now owns 8,324 shares of the insurance provider’s stock valued at $1,450,000 after buying an additional 210 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Enstar Group in the 2nd quarter valued at about $810,000. Voloridge Investment Management LLC acquired a new position in shares of Enstar Group in the 2nd quarter valued at about $418,000. Nuveen Asset Management LLC acquired a new position in shares of Enstar Group in the 2nd quarter valued at about $8,057,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Enstar Group by 11.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,492 shares of the insurance provider’s stock valued at $1,654,000 after buying an additional 995 shares during the period. 69.68% of the stock is owned by institutional investors.
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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