Essent Group Ltd. (ESNT) SVP Mary Lourdes Gibbons Sells 4,600 Shares
Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,600 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.01, for a total value of $184,046.00. Following the transaction, the senior vice president now owns 267,502 shares in the company, valued at approximately $10,702,755.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Mary Lourdes Gibbons also recently made the following trade(s):
- On Tuesday, July 18th, Mary Lourdes Gibbons sold 393 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total value of $15,327.00.
- On Monday, July 17th, Mary Lourdes Gibbons sold 4,207 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total value of $164,073.00.
Shares of Essent Group Ltd. (NYSE ESNT) traded up 3.20% during midday trading on Monday, reaching $41.30. The company had a trading volume of 821,693 shares. The company’s 50 day moving average price is $37.71 and its 200-day moving average price is $36.37. Essent Group Ltd. has a 52 week low of $24.89 and a 52 week high of $41.35. The company has a market capitalization of $3.86 billion, a P/E ratio of 15.82 and a beta of 1.14.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The business had revenue of $137.61 million during the quarter, compared to analysts’ expectations of $131.99 million. Essent Group had a return on equity of 19.26% and a net margin of 50.92%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities research analysts predict that Essent Group Ltd. will post $2.94 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods set a $43.00 price target on Essent Group and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, July 10th. J P Morgan Chase & Co lowered Essent Group from an “overweight” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Friday, April 21st. Barclays PLC raised their price target on Essent Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, May 15th. Finally, BidaskClub lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Essent Group has an average rating of “Buy” and an average target price of $41.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in Essent Group during the fourth quarter valued at about $10,106,000. Norges Bank acquired a new position in Essent Group during the fourth quarter valued at about $21,161,000. Teachers Advisors LLC boosted its position in Essent Group by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 778,569 shares of the financial services provider’s stock valued at $25,202,000 after buying an additional 46,966 shares in the last quarter. Macquarie Group Ltd. boosted its position in Essent Group by 26.0% in the fourth quarter. Macquarie Group Ltd. now owns 853,200 shares of the financial services provider’s stock valued at $27,618,000 after buying an additional 176,142 shares in the last quarter. Finally, Cim LLC boosted its position in Essent Group by 2.9% in the first quarter. Cim LLC now owns 17,110 shares of the financial services provider’s stock valued at $619,000 after buying an additional 480 shares in the last quarter. 86.12% of the stock is owned by institutional investors and hedge funds.
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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