Enstar Group (NASDAQ:ESGR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

Shares of Enstar Group (NASDAQ:ESGR) opened at $215.25 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The company has a market cap of $4,181.66, a price-to-earnings ratio of 20.78 and a beta of 0.82. Enstar Group has a 1 year low of $180.50 and a 1 year high of $237.30.

Several hedge funds have recently made changes to their positions in ESGR. Daiwa Securities Group Inc. bought a new stake in shares of Enstar Group in the third quarter worth $5,978,000. Eagle Asset Management Inc. lifted its position in shares of Enstar Group by 10.8% in the second quarter. Eagle Asset Management Inc. now owns 258,022 shares of the insurance provider’s stock worth $51,256,000 after purchasing an additional 25,190 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Enstar Group by 187.4% in the second quarter. New York State Common Retirement Fund now owns 34,776 shares of the insurance provider’s stock worth $6,908,000 after purchasing an additional 22,675 shares in the last quarter. Northern Trust Corp lifted its position in shares of Enstar Group by 10.5% in the second quarter. Northern Trust Corp now owns 219,386 shares of the insurance provider’s stock worth $43,582,000 after purchasing an additional 20,841 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Enstar Group by 3.4% in the second quarter. FMR LLC now owns 556,580 shares of the insurance provider’s stock worth $110,564,000 after purchasing an additional 18,159 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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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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