Essent Group Ltd. (NYSE:ESNT) CFO Lawrence E. Mcalee, Jr. sold 3,118 shares of Essent Group stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $124,720.00. Following the sale, the chief financial officer now directly owns 272,167 shares of the company’s stock, valued at $10,886,680. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Essent Group Ltd. (ESNT) traded up 0.25% during midday trading on Monday, reaching $40.12. 335,860 shares of the company were exchanged. The stock’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 $41.18. The company has a market capitalization of $3.75 billion, a PE ratio of 15.37 and a beta of 1.14.

Essent Group (NYSE:ESNT) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. Essent Group had a net margin of 50.92% and a return on equity of 19.26%. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $131.99 million. During the same period last year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. Analysts anticipate that Essent Group Ltd. will post $2.94 EPS for the current year.

WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/07/lawrence-e-mcalee-jr-sells-3118-shares-of-essent-group-ltd-esnt-stock.html.

ESNT has been the subject of several recent analyst reports. J P Morgan Chase & Co cut shares of Essent Group from an “overweight” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Friday, April 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price objective on shares of Essent Group in a research report on Friday, April 28th. Barclays PLC boosted their price target on shares of Essent Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Bank of America Corporation raised shares of Essent Group from an “underperform” rating to a “buy” rating and boosted their price target for the company from $38.00 to $43.00 in a research report on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.50.

A number of hedge funds have recently modified their holdings of the stock. Bowling Portfolio Management LLC increased its stake in shares of Essent Group by 14.1% in the first quarter. Bowling Portfolio Management LLC now owns 25,902 shares of the financial services provider’s stock valued at $937,000 after buying an additional 3,195 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Essent Group by 27.7% in the first quarter. Wells Fargo & Company MN now owns 739,280 shares of the financial services provider’s stock valued at $26,740,000 after buying an additional 160,551 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Essent Group by 22.8% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 442,726 shares of the financial services provider’s stock valued at $16,013,000 after buying an additional 82,186 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of Essent Group during the first quarter valued at $1,026,000. Finally, IFC Holdings Incorporated FL increased its stake in shares of Essent Group by 34.6% in the first quarter. IFC Holdings Incorporated FL now owns 17,403 shares of the financial services provider’s stock valued at $630,000 after buying an additional 4,475 shares in the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.

Essent Group Company Profile

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.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

Receive News & Ratings for Essent Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.