Essent Group Ltd. (NYSE:ESNT) CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $45.01, for a total value of $315,070.00. Following the sale, the chief financial officer now owns 265,167 shares in the company, valued at $11,935,166.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Essent Group Ltd. (ESNT) traded up 1.09% on Tuesday, reaching $43.70. 723,371 shares of the company were exchanged. The stock has a 50 day moving average of $40.18 and a 200-day moving average of $38.24. The company has a market capitalization of $4.08 billion, a P/E ratio of 15.55 and a beta of 1.14. Essent Group Ltd. has a 52-week low of $25.84 and a 52-week high of $45.10.

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

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Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in Essent Group by 1,181.9% during the second quarter. BNP Paribas Arbitrage SA now owns 37,484 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 34,560 shares during the period. Renaissance Group LLC grew its position in Essent Group by 5.5% during the second quarter. Renaissance Group LLC now owns 23,276 shares of the financial services provider’s stock worth $864,000 after buying an additional 1,205 shares during the period. Schwab Charles Investment Management Inc. grew its position in Essent Group by 18.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 735,340 shares of the financial services provider’s stock worth $27,311,000 after buying an additional 115,177 shares during the period. Bank of America Corp DE grew its position in Essent Group by 8.0% during the first quarter. Bank of America Corp DE now owns 378,798 shares of the financial services provider’s stock worth $13,701,000 after buying an additional 27,952 shares during the period. Finally, Teachers Advisors LLC grew its position in Essent Group by 0.6% during the first quarter. Teachers Advisors LLC now owns 782,963 shares of the financial services provider’s stock worth $28,320,000 after buying an additional 4,394 shares during the period. Institutional investors own 81.02% of the company’s stock.

ESNT has been the topic of a number of analyst reports. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, September 8th. BTIG Research upgraded Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, September 12th. BidaskClub upgraded Essent Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 target price on shares of Essent Group in a research report on Thursday, October 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Essent Group presently has an average rating of “Buy” and an average price target of $44.75.

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)

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