Essent Group Ltd (NYSE:ESNT) CEO Mark Casale sold 370,673 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.50, for a total value of $16,494,948.50. Following the transaction, the chief executive officer now directly owns 1,845,356 shares of the company’s stock, valued at approximately $82,118,342. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Essent Group Ltd (ESNT) opened at $47.23 on Friday. The company has a market capitalization of $4,650.00, a P/E ratio of 11.93, a PEG ratio of 1.09 and a beta of 1.15. Essent Group Ltd has a twelve month low of $33.45 and a twelve month high of $50.08.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $161.77 million during the quarter, compared to the consensus estimate of $155.22 million. Essent Group had a return on equity of 18.84% and a net margin of 65.87%. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. equities research analysts anticipate that Essent Group Ltd will post 4.34 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group raised its stake in Essent Group by 24.7% in the 4th quarter. Csenge Advisory Group now owns 8,993 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,780 shares during the period. Jane Street Group LLC bought a new stake in Essent Group in the 4th quarter valued at $326,000. Clark Capital Management Group Inc. raised its stake in Essent Group by 11.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 406,423 shares of the financial services provider’s stock valued at $17,647,000 after acquiring an additional 41,116 shares during the period. Cider Mill Investments LP bought a new stake in Essent Group in the 4th quarter valued at $10,266,000. Finally, TIAA CREF Investment Management LLC raised its stake in Essent Group by 4.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 545,818 shares of the financial services provider’s stock valued at $23,699,000 after acquiring an additional 24,522 shares during the period. Institutional investors and hedge funds own 86.19% of the company’s stock.
ESNT has been the subject of a number of recent research reports. Deutsche Bank downgraded Essent Group from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research report on Friday, November 3rd. Royal Bank of Canada began coverage on Essent Group in a research report on Wednesday, December 20th. They set an “outperform” rating and a $54.00 price target for the company. Zacks Investment Research raised Essent Group from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Susquehanna Bancshares set a $62.00 price objective on Essent Group and gave the company a “buy” rating in a report on Friday, February 9th. Finally, BTIG Research increased their price objective on Essent Group from $49.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Essent Group presently has an average rating of “Buy” and an average target price of $52.52.
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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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