New York State Common Retirement Fund trimmed its holdings in Essent Group Ltd (NYSE:ESNT) by 30.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,200 shares of the financial services provider’s stock after selling 36,340 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Essent Group worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new stake in Essent Group during the 3rd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Essent Group by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 288 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of Essent Group in the third quarter valued at approximately $219,000. GSA Capital Partners LLP bought a new position in shares of Essent Group in the second quarter valued at approximately $243,000. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Essent Group by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 330 shares in the last quarter. 85.83% of the stock is currently owned by institutional investors.
In other news, VP David B. Weinstock sold 3,000 shares of Essent Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $41.71, for a total transaction of $125,130.00. Following the completion of the transaction, the vice president now directly owns 25,785 shares in the company, valued at $1,075,492.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary Lourdes Gibbons sold 4,836 shares of Essent Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $42.04, for a total transaction of $203,305.44. Following the transaction, the senior vice president now owns 258,066 shares of the company’s stock, valued at $10,849,094.64. The disclosure for this sale can be found here. Insiders sold 53,858 shares of company stock valued at $2,414,044 over the last 90 days. 18.10% of the stock is currently owned by company insiders.
Several equities analysts have recently issued reports on the company. BidaskClub raised Essent Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Co assumed coverage on Essent Group in a report on Tuesday, November 28th. They set an “outperform” rating and a $52.00 price objective for the company. Zacks Investment Research downgraded Essent Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Deutsche Bank increased their target price on Essent Group from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Barclays increased their target price on Essent Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.40.
Shares of Essent Group Ltd (NYSE:ESNT) opened at $48.08 on Friday. The stock has a market capitalization of $4,730.00, a PE ratio of 16.13, a P/E/G ratio of 1.20 and a beta of 1.15. Essent Group Ltd has a 12 month low of $31.63 and a 12 month high of $48.52.
Essent Group (NYSE:ESNT) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The company had revenue of $150.20 million for the quarter, compared to analysts’ expectations of $143.79 million. During the same period last year, the firm earned $0.65 earnings per share. Essent Group’s quarterly revenue was up 23.9% on a year-over-year basis. equities analysts anticipate that Essent Group Ltd will post 3.08 EPS for the current fiscal year.
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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.
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