Vaughan Nelson Investment Management L.P. raised its holdings in shares of Essent Group Ltd. (NYSE:ESNT) by 21.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 631,000 shares of the financial services provider’s stock after acquiring an additional 110,025 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.64% of Essent Group worth $25,556,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ESNT. Vanguard Group Inc. boosted its holdings in shares of Essent Group by 9.1% in the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock valued at $290,695,000 after purchasing an additional 655,163 shares during the period. BlackRock Inc. increased its position in shares of Essent Group by 6,828.8% during the first quarter. BlackRock Inc. now owns 5,844,752 shares of the financial services provider’s stock worth $211,403,000 after purchasing an additional 5,760,398 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Essent Group by 18.7% during the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock worth $139,494,000 after purchasing an additional 592,824 shares in the last quarter. State Street Corp increased its position in shares of Essent Group by 16.6% in the 1st quarter. State Street Corp now owns 2,493,815 shares of the financial services provider’s stock valued at $90,204,000 after acquiring an additional 355,289 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Essent Group by 3.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,595,288 shares of the financial services provider’s stock valued at $59,249,000 after acquiring an additional 58,836 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.
ESNT has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, September 8th. Deutsche Bank AG raised their price target on shares of Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of Essent Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $43.00 price target on shares of Essent Group and gave the company a “hold” rating in a research note on Monday, August 7th. Finally, Barclays PLC increased their price objective on shares of Essent Group from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.00.
In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of Essent Group stock in a transaction on Friday, October 20th. The shares were sold at an average price of $45.01, for a total value of $315,070.00. Following the transaction, the chief financial officer now directly 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 is available at the SEC website. Also, VP David B. Weinstock sold 3,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $41.71, for a total transaction of $125,130.00. Following the transaction, the vice president now owns 25,785 shares in the company, valued at $1,075,492.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,045 shares of company stock valued at $955,835. Corporate insiders own 18.10% of the company’s stock.
Shares of Essent Group Ltd. (NYSE:ESNT) traded up $1.36 during mid-day trading on Tuesday, reaching $42.94. 1,011,700 shares of the company’s stock traded hands, compared to its average volume of 678,835. Essent Group Ltd. has a 52 week low of $25.84 and a 52 week high of $45.10. The stock has a market cap of $4,092.89, a PE ratio of 13.91, a PEG ratio of 1.37 and a beta of 1.15.
Essent Group (NYSE:ESNT) last issued its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The company had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. analysts forecast that Essent Group Ltd. will post 3.03 EPS for the current year.
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.
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