QS Investors LLC boosted its position in Essent Group Ltd (NYSE:ESNT) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 224,639 shares of the financial services provider’s stock after purchasing an additional 23,760 shares during the period. QS Investors LLC owned about 0.23% of Essent Group worth $9,754,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the business. Deutsche Bank AG lifted its position in Essent Group by 94.9% during the fourth quarter. Deutsche Bank AG now owns 519,313 shares of the financial services provider’s stock worth $22,545,000 after acquiring an additional 252,885 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Essent Group during the fourth quarter worth approximately $1,832,000. Jefferies Group LLC acquired a new stake in Essent Group during the fourth quarter worth approximately $209,000. Driehaus Capital Management LLC lifted its position in Essent Group by 31.1% during the fourth quarter. Driehaus Capital Management LLC now owns 73,783 shares of the financial services provider’s stock worth $3,204,000 after acquiring an additional 17,516 shares during the last quarter. Finally, Nicholas Investment Partners LP lifted its position in Essent Group by 151.5% during the fourth quarter. Nicholas Investment Partners LP now owns 50,303 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 30,303 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.
Several research analysts have recently commented on ESNT shares. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Monday, December 25th. ValuEngine cut shares of Essent Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada started coverage on shares of Essent Group in a report on Wednesday, December 20th. They set an “outperform” rating and a $54.00 target price on the stock. BTIG Research raised their target price on shares of Essent Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Wells Fargo & Co started coverage on shares of Essent Group in a report on Tuesday, November 28th. They set an “outperform” rating and a $52.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Essent Group has a consensus rating of “Buy” and a consensus target price of $52.52.
Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $161.77 million for the quarter, compared to analysts’ expectations of $155.22 million. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. equities analysts predict that Essent Group Ltd will post 4.42 EPS for the current fiscal year.
In related news, CEO Mark Casale sold 370,673 shares of Essent Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.50, for a total value of $16,494,948.50. Following the transaction, the chief executive officer now directly owns 1,845,356 shares of the company’s stock, valued at $82,118,342. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.10% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Essent Group Ltd (ESNT) Position Raised by QS Investors LLC” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/12/essent-group-ltd-esnt-position-raised-by-qs-investors-llc.html.
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.
Receive News & Ratings for Essent Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group and related companies with MarketBeat.com's FREE daily email newsletter.