Essent Group Ltd. (NYSE:ESNT) VP David B. Weinstock sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $38.95, for a total transaction of $77,900.00. Following the completion of the transaction, the vice president now owns 30,785 shares of the company’s stock, valued at $1,199,075.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

David B. Weinstock also recently made the following trade(s):

  • On Friday, July 14th, David B. Weinstock sold 2,000 shares of Essent Group stock. The shares were sold at an average price of $38.51, for a total transaction of $77,020.00.

Shares of Essent Group Ltd. (NYSE ESNT) traded up 0.54% during midday trading on Wednesday, hitting $38.98. 437,030 shares of the stock were exchanged. The firm has a market cap of $3.64 billion, a PE ratio of 13.87 and a beta of 1.14. Essent Group Ltd. has a 52-week low of $25.67 and a 52-week high of $41.44. The firm’s 50-day moving average is $38.53 and its 200 day moving average is $36.78.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Essent Group had a return on equity of 18.77% and a net margin of 50.92%. The business had revenue of $137.61 million for the quarter, compared to analyst estimates of $131.99 million. During the same quarter last year, the firm posted $0.57 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. On average, analysts forecast that Essent Group Ltd. will post $3.08 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in ESNT. Vanguard Group Inc. raised its stake in Essent Group by 9.1% in the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock worth $290,695,000 after buying an additional 655,163 shares during the last quarter. BlackRock Inc. raised its stake in 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 worth $211,403,000 after buying an additional 5,760,398 shares during the last quarter. Alliancebernstein L.P. raised its stake in Essent Group by 18.7% in the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock worth $139,494,000 after buying an additional 592,824 shares during the last quarter. American Century Companies Inc. raised its stake in Essent Group by 20.5% in the first quarter. American Century Companies Inc. now owns 2,623,677 shares of the financial services provider’s stock worth $94,898,000 after buying an additional 445,823 shares during the last quarter. Finally, State Street Corp raised its stake in Essent Group by 16.6% in the first quarter. State Street Corp now owns 2,493,815 shares of the financial services provider’s stock worth $90,204,000 after buying an additional 355,289 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

A number of research firms have recently commented on ESNT. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday, July 10th. J P Morgan Chase & Co lowered 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. ValuEngine upgraded shares of Essent Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Barclays PLC raised their price objective 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 15th. Finally, BidaskClub lowered shares of Essent Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.50.

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.

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

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