Shares of Enstar Group Limited (NASDAQ:ESGR - Get Free Report) saw an uptick in trading volume on Wednesday . 237,900 shares traded hands during mid-day trading, an increase of 123% from the previous session's volume of 106,595 shares.The stock last traded at $337.91 and had previously closed at $336.36.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on shares of Enstar Group in a research report on Saturday, April 5th. They set a "hold" rating on the stock.
Check Out Our Latest Stock Report on ESGR
Enstar Group Stock Up 0.5%
The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 10.76 and a beta of 0.69. The firm's fifty day moving average price is $335.22 and its two-hundred day moving average price is $331.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.
Insider Buying and Selling
In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Enstar Group
A number of institutional investors have recently modified their holdings of ESGR. Quantbot Technologies LP acquired a new stake in Enstar Group in the 4th quarter valued at $171,000. Convergence Financial LLC bought a new position in shares of Enstar Group in the first quarter valued at $264,000. SG Americas Securities LLC acquired a new position in shares of Enstar Group during the first quarter valued at about $875,000. Syquant Capital Sas grew its holdings in shares of Enstar Group by 336.7% during the first quarter. Syquant Capital Sas now owns 71,807 shares of the insurance provider's stock valued at $23,867,000 after buying an additional 55,365 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Enstar Group by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after acquiring an additional 1,744 shares in the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.
Enstar Group Company Profile
(
Get Free Report)
Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.
See Also
Before you consider Enstar Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enstar Group wasn't on the list.
While Enstar Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
