ValuEngine downgraded shares of Enstar Group (NASDAQ:ESGR) from a hold rating to a sell rating in a report published on Thursday, ValuEngine reports.
Separately, BidaskClub upgraded Enstar Group from a buy rating to a strong-buy rating in a research report on Saturday, November 2nd.
ESGR traded down $0.37 during trading on Thursday, reaching $201.90. The company had a trading volume of 33,300 shares, compared to its average volume of 54,129. The stock has a market cap of $4.37 billion, a P/E ratio of 26.50 and a beta of 0.70. The business has a 50 day simple moving average of $194.65 and a 200-day simple moving average of $180.79. Enstar Group has a 52 week low of $150.32 and a 52 week high of $206.37. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.29.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Enstar Group during the third quarter worth $44,000. Strs Ohio purchased a new position in shares of Enstar Group during the third quarter valued at $56,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enstar Group by 311.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864 shares of the insurance provider’s stock valued at $164,000 after buying an additional 654 shares during the period. Zeke Capital Advisors LLC purchased a new position in shares of Enstar Group during the second quarter valued at $238,000. Finally, Commonwealth Bank of Australia increased its stake in shares of Enstar Group by 87.5% during the second quarter. Commonwealth Bank of Australia now owns 1,500 shares of the insurance provider’s stock valued at $261,000 after buying an additional 700 shares during the period. Institutional investors own 69.64% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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