Essent Group Ltd. (NYSE:ESNT - Get Free Report) SVP Mary Lourdes Gibbons sold 4,250 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $65.01, for a total transaction of $276,292.50. Following the sale, the senior vice president directly owned 233,336 shares of the company's stock, valued at approximately $15,169,173.36. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mary Lourdes Gibbons also recently made the following trade(s):
- On Monday, April 20th, Mary Lourdes Gibbons sold 7,628 shares of Essent Group stock. The shares were sold at an average price of $63.01, for a total transaction of $480,640.28.
- On Friday, April 17th, Mary Lourdes Gibbons sold 872 shares of Essent Group stock. The shares were sold at an average price of $63.00, for a total transaction of $54,936.00.
Essent Group Trading Down 5.4%
Shares of ESNT opened at $60.53 on Friday. The company has a 50 day simple moving average of $60.07 and a two-hundred day simple moving average of $61.69. Essent Group Ltd. has a 1 year low of $55.22 and a 1 year high of $67.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $5.69 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87.
Essent Group (NYSE:ESNT - Get Free Report) last posted its earnings results on Saturday, February 14th. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.14). Essent Group had a net margin of 54.72% and a return on equity of 12.09%. The business had revenue of $312.40 million during the quarter, compared to analysts' expectations of $312.62 million. During the same period last year, the business posted $1.58 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts expect that Essent Group Ltd. will post 7.28 earnings per share for the current fiscal year.
Essent Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Essent Group's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 13th. Essent Group's payout ratio is 20.32%.
Institutional Trading of Essent Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Essent Group during the third quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Essent Group during the third quarter worth $27,000. Los Angeles Capital Management LLC bought a new stake in shares of Essent Group during the fourth quarter worth $27,000. Hantz Financial Services Inc. lifted its position in shares of Essent Group by 45.5% during the third quarter. Hantz Financial Services Inc. now owns 624 shares of the financial services provider's stock worth $40,000 after purchasing an additional 195 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Essent Group by 97.1% during the fourth quarter. IFP Advisors Inc now owns 676 shares of the financial services provider's stock worth $44,000 after purchasing an additional 333 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. UBS Group lowered their price target on Essent Group from $65.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, March 12th. JPMorgan Chase & Co. lowered their price target on Essent Group from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. The Goldman Sachs Group restated a "neutral" rating and issued a $70.00 price target on shares of Essent Group in a research report on Tuesday, January 6th. Barclays lowered their price target on Essent Group from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Finally, Roth Mkm raised their price target on Essent Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, January 2nd. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.86.
Read Our Latest Report on ESNT
Essent Group Company Profile
(
Get Free Report)
Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent's insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.
Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.
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