Enstar Group (ESGR) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Enstar Group (NASDAQ:ESGR) from a strong sell rating to a sell rating in a research note released on Tuesday.

Enstar Group (NASDAQ ESGR) traded up $4.45 during midday trading on Tuesday, reaching $213.00. 40,300 shares of the company traded hands, compared to its average volume of 42,037. The stock has a market capitalization of $3,470.00, a PE ratio of 20.58 and a beta of 0.83. Enstar Group has a 52-week low of $180.50 and a 52-week high of $237.30. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in Enstar Group by 0.3% during the second quarter. Amalgamated Bank now owns 1,436 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 5 shares in the last quarter. Advisory Services Network LLC increased its holdings in Enstar Group by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,071 shares of the insurance provider’s stock valued at $213,000 after buying an additional 19 shares in the last quarter. HPM Partners LLC increased its holdings in Enstar Group by 3.2% in the second quarter. HPM Partners LLC now owns 1,393 shares of the insurance provider’s stock valued at $277,000 after buying an additional 43 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Enstar Group by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 5,869 shares of the insurance provider’s stock valued at $1,166,000 after buying an additional 82 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Enstar Group by 2.7% in the second quarter. Nationwide Fund Advisors now owns 8,261 shares of the insurance provider’s stock valued at $1,641,000 after buying an additional 220 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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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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