Enstar Group (NASDAQ:ESGR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.
Separately, ValuEngine lowered shares of Enstar Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.
NASDAQ ESGR traded down $0.15 during mid-day trading on Tuesday, hitting $205.55. The company’s stock had a trading volume of 221 shares, compared to its average volume of 34,640. Enstar Group has a 52-week low of $158.72 and a 52-week high of $213.99. The stock’s fifty day simple moving average is $206.45 and its two-hundred day simple moving average is $190.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.29.
Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Thursday, November 7th. The insurance provider reported $1.66 earnings per share (EPS) for the quarter. The company had revenue of $363.21 million for the quarter. Enstar Group had a net margin of 28.23% and a return on equity of 5.42%.
Several institutional investors and hedge funds have recently bought and sold shares of ESGR. Tower Research Capital LLC TRC acquired a new stake in shares of Enstar Group during the third quarter worth approximately $44,000. Strs Ohio acquired a new position in Enstar Group in the third quarter worth $56,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Enstar Group by 311.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 654 shares during the period. Commonwealth Bank of Australia boosted its holdings in Enstar Group by 87.5% in the second quarter. Commonwealth Bank of Australia now owns 1,500 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 700 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Enstar Group in the second quarter worth $274,000. Institutional investors own 70.24% of the company’s stock.
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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