Essent Group Ltd. (NYSE:ESNT) VP Sells $77,020.00 in Stock
Essent Group Ltd. (NYSE:ESNT) VP David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $38.51, for a total transaction of $77,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Essent Group Ltd. (NYSE:ESNT) traded up 0.33% during mid-day trading on Tuesday, reaching $39.07. 595,807 shares of the company’s stock were exchanged. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 14.97 and a beta of 1.14. Essent Group Ltd. has a 52-week low of $23.23 and a 52-week high of $39.61. The company has a 50-day moving average of $36.40 and a 200-day moving average of $35.38.
Essent Group (NYSE:ESNT) last issued its earnings results on Friday, May 5th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $127.60 million during the quarter, compared to analyst estimates of $126.70 million. Essent Group had a net margin of 49.91% and a return on equity of 18.16%. The company’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Equities research analysts anticipate that Essent Group Ltd. will post $2.94 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Essent Group by 2.6% in the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after buying an additional 74 shares during the period. BNP Paribas Arbitrage SA raised its position in Essent Group by 14.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after buying an additional 360 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Essent Group during the first quarter worth approximately $120,000. James Investment Research Inc. purchased a new position in Essent Group during the first quarter worth approximately $144,000. Finally, Quantbot Technologies LP raised its position in Essent Group by 186.3% in the first quarter. Quantbot Technologies LP now owns 4,203 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,735 shares during the period. Institutional investors own 85.63% of the company’s stock.
Several analysts recently commented on the stock. J P Morgan Chase & Co downgraded shares of Essent Group from an “overweight” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Friday, April 21st. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 target price on shares of Essent Group in a report on Friday, April 28th. Barclays PLC lifted their target price on shares of Essent Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 15th. Finally, ValuEngine raised shares of Essent Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.00.
About Essent Group
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.
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