D. E. Shaw & Co. Inc. cut its holdings in Essent Group Ltd (NYSE:ESNT) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 459,980 shares of the financial services provider’s stock after selling 56,940 shares during the period. D. E. Shaw & Co. Inc. owned 0.47% of Essent Group worth $15,722,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ESNT. Advisor Group Inc. increased its stake in Essent Group by 34.7% during the fourth quarter. Advisor Group Inc. now owns 1,145 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 295 shares during the period. Nisa Investment Advisors LLC increased its stake in Essent Group by 170.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 800 shares during the period. Quantamental Technologies LLC bought a new position in Essent Group during the fourth quarter valued at about $47,000. Toronto Dominion Bank bought a new position in Essent Group during the fourth quarter valued at about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Essent Group by 12.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,888 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 668 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.
Several equities analysts recently issued reports on ESNT shares. Barclays set a $52.00 price target on Essent Group and gave the company a “buy” rating in a research note on Friday, December 14th. ValuEngine upgraded Essent Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.38.
NYSE ESNT opened at $43.83 on Friday. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.88 and a beta of 1.50. Essent Group Ltd has a 1-year low of $31.08 and a 1-year high of $47.94.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.16. The company had revenue of $193.10 million for the quarter, compared to the consensus estimate of $189.76 million. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. Equities research analysts predict that Essent Group Ltd will post 5.22 EPS for the current fiscal year.
In other news, SVP Mary Lourdes Gibbons sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total value of $369,000.00. Following the transaction, the senior vice president now directly owns 217,412 shares of the company’s stock, valued at approximately $8,913,892. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vijay Bhasin sold 45,315 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $44.50, for a total value of $2,016,517.50. Following the completion of the transaction, the senior vice president now directly owns 194,302 shares in the company, valued at $8,646,439. The disclosure for this sale can be found here. Insiders have sold 139,322 shares of company stock worth $5,959,631 over the last ninety days. Company insiders own 3.00% of the company’s stock.
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About Essent Group
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.
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