Enstar Group Limited Offers Preference Shares Representing 1/1000th Interest: $ESGRP
December 9, 2023
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Enstar Group ($NASDAQ:ESGR) Limited is a publicly traded company that specializes in providing insurance, reinsurance, and financial services to clients around the world. They recently announced the offering of Preference Shares, which represent an ownership interest in the company. Each Preference Share is represented by 1,000 Depositary Shares, with a ticker symbol of $ESGRP. The Preference Shares offer investors additional benefits over common stock. These include increased dividends and a priority in the company’s capital structure.
Furthermore, the Preference Shares are non-voting with respect to the company’s management and financial decisions. The offering of Preference Shares, which are traded on the Nasdaq Global Select Market, is a great opportunity for investors looking for both a reliable and diverse income stream. Enstar Group Limited is committed to delivering long-term value to its shareholders and providing the highest standards of customer service and innovation. Investors can feel confident investing in this established company that is backed by a well-diversified portfolio of investments and strategic partnerships.
Price History
The announcement caused ESGRP stock to open at $281.4 and eventually close the day at $282.5, a 0.6% increase from the last closing price of 280.9. This news indicates that investors are interested in the company’s offerings and have responded positively to the announcement. The offering is part of the company’s effort to increase its visibility and capitalize on the current market climate. It remains to be seen if this offering will be successful or not, but investors appear excited about this opportunity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enstar Group. More…
| Total Revenues | Net Income | Net Margin |
| 861 | 710 | 86.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enstar Group. More…
| Operations | Investing | Financing |
| 220 | -48 | -627 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enstar Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.03k | 15.96k | 304.22 |
Key Ratios Snapshot
Some of the financial key ratios for Enstar Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -28.6% | – | 112.5% |
| FCF Margin | ROE | ROA |
| 25.6% | 12.4% | 2.9% |
Analysis
After analyzing the fundamentals of ENSTAR GROUP, GoodWhale has concluded that the company is strong in assets, medium in growth, and weak in dividends and profitability. Based on our Star Chart analysis, we have classified ENSTAR GROUP as an ‘elephant,’ a type of company that is rich in assets after deducting off liabilities. This company may be interesting to value investors who are willing to invest in a company for its potential long-term growth and stability. Furthermore, considering ENSTAR GROUP’s cashflows and debt, we have determined that the company has an intermediate health score of 6/10, indicating that it is likely to sustain future operations in times of crisis. More…
Peers
It focuses on acquiring and managing insurance and reinsurance companies. The company operates in the United States, Europe, Asia, Australia, and South America. Enstar Group Ltd’s competitors include Zavarovalnica Triglav DD, American National Group Inc, UNIQA Insurance Group AG.
– Zavarovalnica Triglav DD ($LTS:0KFO)
Zavarovalnica Triglav DD is a Slovenian insurance company with a market cap of 794.88M as of 2022. The company has a ROE of 10.44%. Zavarovalnica Triglav DD offers a wide range of insurance products, including property and casualty, life, health, and reinsurance. The company has a strong presence in Slovenia and Croatia, and also operates in Bosnia and Herzegovina, Montenegro, and Macedonia.
– American National Group Inc ($LTS:0GDR)
UNIQA Insurance Group AG is an Austrian insurance company with a market cap of 2.19 billion as of 2022. The company has a return on equity of 10.93%. UNIQA provides a wide range of insurance products and services, including life, health, and property and casualty insurance. The company operates in Austria, Germany, Hungary, Poland, Romania, Slovakia, Slovenia, the Czech Republic, and Croatia.
Summary
Enstar Group Limited (ESGRP) is an insurance and reinsurance company with a focus on providing services to large corporate clients. Overall, Enstar appears to be a good long-term investment option for those looking for stable returns in the insurance sector.
