Mary Lourdes Gibbons Sells 393 Shares of Essent Group Ltd. (ESNT) Stock
Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 393 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $39.00, for a total transaction of $15,327.00. Following the completion of the sale, the senior vice president now directly owns 272,102 shares in the company, valued at $10,611,978. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Mary Lourdes Gibbons also recently made the following trade(s):
- On Monday, July 17th, Mary Lourdes Gibbons sold 4,207 shares of Essent Group stock. The stock was sold at an average price of $39.00, for a total transaction of $164,073.00.
Shares of Essent Group Ltd. (ESNT) traded up 0.33% during trading on Thursday, reaching $39.10. 318,740 shares of the company traded hands. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 14.98 and a beta of 1.14. Essent Group Ltd. has a 52 week low of $23.38 and a 52 week high of $39.61. The firm’s 50 day moving average price is $37.13 and its 200-day moving average price is $35.98.
Essent Group (NYSE:ESNT) last announced its earnings results on Friday, May 5th. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Essent Group had a net margin of 49.91% and a return on equity of 18.16%. The firm had revenue of $127.60 million for the quarter, compared to the consensus estimate of $126.70 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. Equities analysts anticipate that Essent Group Ltd. will post $2.94 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in ESNT. BlackRock Inc. increased its stake in shares of Essent Group by 6,828.8% in the first quarter. BlackRock Inc. now owns 5,844,752 shares of the financial services provider’s stock valued at $211,403,000 after buying an additional 5,760,398 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Essent Group during the first quarter valued at $27,573,000. Norges Bank acquired a new stake in shares of Essent Group during the fourth quarter valued at $21,161,000. Vanguard Group Inc. increased its stake in shares of Essent Group by 8.4% in the first quarter. Vanguard Group Inc. now owns 7,171,835 shares of the financial services provider’s stock valued at $259,405,000 after buying an additional 555,591 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Essent Group during the second quarter valued at $19,348,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
ESNT has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 target price on shares of Essent Group in a research report on Friday, April 28th. Bank of America Corporation raised shares of Essent Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $38.00 to $43.00 in a research report on Tuesday, May 9th. Zacks Investment Research lowered shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine raised shares of Essent Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Finally, Barclays PLC raised their target price on shares of Essent Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Essent Group currently has an average 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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