Essent Group Ltd. (NYSE:ESNT) VP David B. Weinstock sold 3,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $41.71, for a total transaction of $125,130.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Essent Group Ltd. (ESNT) traded up 1.34% during midday trading on Wednesday, hitting $44.00. 727,753 shares of the company traded hands. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.66 and a beta of 1.14. Essent Group Ltd. has a 12-month low of $25.84 and a 12-month high of $44.07. The stock’s 50-day moving average price is $39.18 and its 200 day moving average price is $37.86.

Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The firm had revenue of $137.61 million during the quarter, compared to the consensus estimate of $131.99 million. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, equities analysts forecast that Essent Group Ltd. will post $3.04 EPS for the current year.

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ESNT has been the subject of several research reports. Zacks Investment Research cut shares of Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $44.00 target price on shares of Essent Group in a research note on Thursday, October 12th. BTIG Research upgraded shares of Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, September 12th. Deutsche Bank AG increased their target price on shares of Essent Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Compass Point reiterated a “buy” rating and issued a $50.00 target price (up previously from $38.00) on shares of Essent Group in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, seven have issued 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 $44.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Koch Industries Inc. bought a new stake in Essent Group in the 2nd quarter valued at about $395,000. Piedmont Investment Advisors LLC bought a new stake in Essent Group in the 2nd quarter valued at about $906,000. Sterling Capital Management LLC boosted its holdings in Essent Group by 8.6% in the 2nd quarter. Sterling Capital Management LLC now owns 27,191 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 2,147 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Essent Group by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 330 shares during the period. Finally, Albion Financial Group UT boosted its holdings in Essent Group by 0.9% in the 2nd quarter. Albion Financial Group UT now owns 15,704 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 145 shares during the period. 81.40% of the stock is owned by hedge funds and other institutional investors.

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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