Essent Group Ltd (ESNT) Director Andrew Turnbull Sells 15,813 Shares

Essent Group Ltd (NYSE:ESNT) Director Andrew Turnbull sold 15,813 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $45.62, for a total transaction of $721,389.06. Following the completion of the sale, the director now owns 45,409 shares in the company, valued at $2,071,558.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andrew Turnbull also recently made the following trade(s):

  • On Friday, December 1st, Andrew Turnbull sold 10,000 shares of Essent Group stock. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00.

Essent Group Ltd (NYSE:ESNT) traded up $0.02 during mid-day trading on Wednesday, hitting $45.54. 810,900 shares of the stock were exchanged, compared to its average volume of 691,037. Essent Group Ltd has a twelve month low of $31.33 and a twelve month high of $46.15. The firm has a market capitalization of $4,480.72, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.48 and a beta of 1.15.

Essent Group (NYSE:ESNT) last released its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.07. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $143.79 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. equities research analysts predict that Essent Group Ltd will post 3.08 EPS for the current fiscal year.

A number of analysts recently commented on ESNT shares. Zacks Investment Research downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $44.00 target price on shares of Essent Group in a report on Thursday, October 12th. Deutsche Bank downgraded shares of Essent Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Friday, November 3rd. BidaskClub downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BTIG Research upgraded shares of Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.78.

Several hedge funds have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new position in Essent Group in the 3rd quarter valued at approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Essent Group by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock valued at $117,000 after buying an additional 288 shares during the period. Teacher Retirement System of Texas acquired a new position in Essent Group in the 2nd quarter valued at approximately $208,000. Nine Chapters Capital Management LLC acquired a new position in Essent Group in the 3rd quarter valued at approximately $219,000. Finally, GSA Capital Partners LLP acquired a new position in Essent Group in the 2nd quarter valued at approximately $243,000. Institutional investors and hedge funds own 85.83% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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