Essent Group EVP Unloads 50,000 Shares of Stock (ESNT)
Essent Group (NASDAQ:ESNT) EVP Adolfo Marzol sold 50,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $21.05, for a total value of $1,052,500.00. Following the completion of the transaction, the executive vice president now directly owns 478,445 shares of the company’s stock, valued at approximately $10,071,267. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Essent Group (NASDAQ:ESNT) traded down 0.33% during mid-day trading on Thursday, hitting $20.88. The stock had a trading volume of 176,605 shares. Essent Group has a one year low of $17.26 and a one year high of $26.45. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $20.88. The company has a market cap of $1.807 billion and a price-to-earnings ratio of 50.73.
Essent Group (NASDAQ:ESNT) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.51 million. The company’s revenue for the quarter was up 83.4% on a year-over-year basis. On average, analysts predict that Essent Group will post $0.95 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Essent Group in a research note on Thursday, August 21st. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks upgraded shares of Essent Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $21.70 price target on the stock. Finally, analysts at Paradigm Capital cut their price target on shares of Essent Group from $3.15 to $3.00 in a research note on Tuesday, July 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.03.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.