ESGR Stock Summary and Trading Ideas (Enstar Group Limited - | NASDAQ:ESGR)

Enstar Group Ltd is a (re)insurance group that offers capital release solutions through its network of group companies. It seeks to create value by managing (re)insurance companies and portfolios of (re)insurance and other liability businesses in run-off and striving to generate an attractive risk-adjusted return from its investment portfolio. Its operations are through four reportable segments: Run-off, Assumed Life, Investments, and Legacy Underwriting.

Enstar Group Limited - trades on the NASDAQ stock market under the symbol ESGR.

As of May 17, 2024, ESGR stock price climbed to $310.00 with 48,719 million shares trading.

ESGR has a beta of 0.91, meaning it tends to be less sensitive to market movements. ESGR has a correlation of 0.23 to the broad based SPY ETF.

ESGR has a market cap of $4.55 billion. This is considered a Mid Cap stock.

In the last 3 years, ESGR stock traded as high as $315.63 and as low as $169.04.

The top ETF exchange traded funds that ESGR belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

ESGR stock has underperformed the market in the last year with a return of +18.5%, while SPY returned +29.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ESGR shares. However, ESGR has outperformed the market in the last 3 month and 2 week periods, returning +9.4% and +3.8%, while SPY returned +6.3% and +3.6%, respectively. This indicates ESGR has been having a stronger performance recently.

ESGR support price is $303.32 and resistance is $314.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESGR stock will trade within this expected range on the day.