Cider Mill Investments LP purchased a new position in shares of Essent Group Ltd (NYSE:ESNT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 236,443 shares of the financial services provider’s stock, valued at approximately $10,266,000. Essent Group comprises about 4.2% of Cider Mill Investments LP’s portfolio, making the stock its 8th largest position. Cider Mill Investments LP owned approximately 0.24% of Essent Group at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. 361 Capital LLC purchased a new stake in shares of Essent Group during the third quarter worth about $2,118,000. Cipher Capital LP lifted its holdings in shares of Essent Group by 44.5% during the third quarter. Cipher Capital LP now owns 82,458 shares of the financial services provider’s stock worth $3,340,000 after purchasing an additional 25,374 shares during the period. American International Group Inc. lifted its holdings in shares of Essent Group by 12.5% during the third quarter. American International Group Inc. now owns 53,890 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 5,967 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in shares of Essent Group during the third quarter worth about $957,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Essent Group by 16.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 857,284 shares of the financial services provider’s stock worth $34,721,000 after purchasing an additional 121,944 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.
In other Essent Group news, CEO Mark Casale sold 370,673 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.50, for a total value of $16,494,948.50. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.10% of the company’s stock.
Essent Group Ltd (NYSE:ESNT) opened at $42.99 on Tuesday. Essent Group Ltd has a twelve month low of $33.45 and a twelve month high of $50.08. The stock has a market capitalization of $4,675.18, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14.
Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Essent Group had a return on equity of 17.77% and a net margin of 65.87%. The company had revenue of $161.77 million during the quarter, compared to the consensus estimate of $155.22 million. During the same period in the previous year, the company posted $0.68 earnings per share. Essent Group’s revenue for the quarter was up 28.0% on a year-over-year basis. research analysts anticipate that Essent Group Ltd will post 4.42 EPS for the current fiscal year.
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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.
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