BidaskClub upgraded shares of Enstar Group (NASDAQ:ESGR) from a hold rating to a buy rating in a research note published on Thursday morning, BidAskClub reports.

Separately, TheStreet upgraded shares of Enstar Group from a c rating to a b- rating in a research report on Thursday, May 16th.

Shares of ESGR traded up $1.70 during mid-day trading on Thursday, reaching $191.99. 82,722 shares of the company’s stock were exchanged, compared to its average volume of 56,271. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $177.41 and a two-hundred day simple moving average of $174.25. Enstar Group has a 52-week low of $150.32 and a 52-week high of $218.27. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 24.50 and a beta of 0.71.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $4.76 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 24.47% and a return on equity of 4.49%. The firm had revenue of $365.33 million for the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in ESGR. Dimensional Fund Advisors LP boosted its position in Enstar Group by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 377,392 shares of the insurance provider’s stock worth $63,239,000 after acquiring an additional 17,276 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Enstar Group by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 159,932 shares of the insurance provider’s stock valued at $26,799,000 after purchasing an additional 4,701 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Enstar Group by 294.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,754 shares of the insurance provider’s stock valued at $479,000 after purchasing an additional 2,055 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Enstar Group by 129.4% in the 1st quarter. SG Americas Securities LLC now owns 5,109 shares of the insurance provider’s stock valued at $889,000 after purchasing an additional 2,882 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Enstar Group by 0.7% in the 1st quarter. New York State Common Retirement Fund now owns 48,508 shares of the insurance provider’s stock valued at $8,440,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 69.68% 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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