Metropolitan Life Insurance Co. NY cut its stake in Ensign Group, Inc (NASDAQ:ENSG) by 54.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,649 shares of the company’s stock after selling 18,409 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Ensign Group were worth $347,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Ensign Group by 2.5% in the third quarter. Legal & General Group Plc now owns 92,837 shares of the company’s stock valued at $2,098,000 after acquiring an additional 2,307 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Ensign Group by 104.4% in the fourth quarter. Advisor Group Inc. now owns 4,543 shares of the company’s stock valued at $101,000 after acquiring an additional 2,320 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Ensign Group by 4.8% in the fourth quarter. Swiss National Bank now owns 82,300 shares of the company’s stock valued at $1,827,000 after acquiring an additional 3,800 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Ensign Group by 8.2% in the fourth quarter. First Trust Advisors LP now owns 56,955 shares of the company’s stock valued at $1,264,000 after acquiring an additional 4,306 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Ensign Group in the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 86.46% of the company’s stock.
Several research analysts have recently issued reports on ENSG shares. Zacks Investment Research cut shares of Ensign Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Stifel Nicolaus set a $22.00 price objective on shares of Ensign Group and gave the company a “hold” rating in a report on Friday, February 9th. SunTrust Banks set a $29.00 price objective on shares of Ensign Group and gave the company a “buy” rating in a report on Friday, February 9th. BidaskClub upgraded shares of Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Ensign Group in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.80.
Shares of NASDAQ:ENSG opened at $28.49 on Thursday. The company has a market cap of $1,458.10, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. Ensign Group, Inc has a 1-year low of $16.50 and a 1-year high of $29.24. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.61.
Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, February 8th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $457.91 million. Ensign Group had a net margin of 2.19% and a return on equity of 13.87%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. sell-side analysts anticipate that Ensign Group, Inc will post 1.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Saturday, March 31st will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, March 28th. Ensign Group’s payout ratio is 15.00%.
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Ensign Group Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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