Mary Lourdes Gibbons Sells 7,500 Shares of Essent Group Ltd. (ESNT) Stock
Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 7,500 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $27.83, for a total transaction of $208,725.00. Following the sale, the senior vice president now directly owns 271,481 shares of the company’s stock, valued at approximately $7,555,316.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Essent Group Ltd. (NYSE:ESNT) traded up 0.15% during trading on Wednesday, reaching $27.23. 561,217 shares of the company’s stock traded hands. Essent Group Ltd. has a 1-year low of $16.49 and a 1-year high of $28.62. The firm has a 50 day moving average of $26.34 and a 200 day moving average of $22.51. The firm has a market capitalization of $2.54 billion, a PE ratio of 13.48 and a beta of 1.09.
Essent Group (NYSE:ESNT) last released its earnings results on Thursday, August 4th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Essent Group had a net margin of 46.40% and a return on equity of 15.98%. The company earned $108.50 million during the quarter, compared to analysts’ expectations of $105.30 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 28.7% on a year-over-year basis. Equities analysts forecast that Essent Group Ltd. will post $2.27 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the company. Zebra Capital Management LLC purchased a new stake in Essent Group during the first quarter valued at approximately $343,000. UBS Group AG boosted its stake in Essent Group by 33.6% in the first quarter. UBS Group AG now owns 51,198 shares of the company’s stock valued at $1,065,000 after buying an additional 12,887 shares during the period. Quadrature Capital Ltd boosted its stake in Essent Group by 55.8% in the first quarter. Quadrature Capital Ltd now owns 14,259 shares of the company’s stock valued at $296,000 after buying an additional 5,104 shares during the period. Bogle Investment Management L P DE purchased a new stake in Essent Group during the first quarter valued at approximately $1,424,000. Finally, Renaissance Technologies LLC boosted its stake in Essent Group by 96.0% in the first quarter. Renaissance Technologies LLC now owns 610,200 shares of the company’s stock valued at $12,692,000 after buying an additional 298,800 shares during the period. Institutional investors own 85.92% of the company’s stock.
ESNT has been the subject of a number of research reports. Compass Point boosted their target price on shares of Essent Group from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Barclays PLC set a $30.00 target price on shares of Essent Group and gave the stock a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Essent Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Credit Suisse Group AG reissued a “hold” rating on shares of Essent Group in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Essent Group from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.05.
About Essent Group
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.
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