Essent Group Ltd. (NYSE:ESNT - Get Free Report) SVP Vijay Bhasin sold 14,175 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $70.00, for a total transaction of $992,250.00. Following the completion of the sale, the senior vice president directly owned 184,274 shares of the company's stock, valued at $12,899,180. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vijay Bhasin also recently made the following trade(s):
- On Friday, August 7th, Vijay Bhasin sold 483 shares of Essent Group stock. The stock was sold at an average price of $70.00, for a total transaction of $33,810.00.
Essent Group Price Performance
Shares of NYSE ESNT opened at $69.68 on Wednesday. Essent Group Ltd. has a twelve month low of $55.34 and a twelve month high of $70.37. The stock's 50 day moving average price is $64.45 and its 200-day moving average price is $61.91. The company has a market capitalization of $6.26 billion, a PE ratio of 9.72, a PEG ratio of 1.79 and a beta of 0.76. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.09.
Essent Group (NYSE:ESNT - Get Free Report) last released its earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. The company had revenue of $362.69 million during the quarter. Essent Group had a return on equity of 11.91% and a net margin of 51.45%. On average, equities analysts anticipate that Essent Group Ltd. will post 7.49 EPS for the current year.
Essent Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 31st. Essent Group's dividend payout ratio is 19.53%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ESNT. Royal Bank Of Canada boosted their price target on shares of Essent Group from $68.00 to $75.00 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Keefe, Bruyette & Woods raised their price objective on shares of Essent Group from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Essent Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Essent Group from $65.00 to $72.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Finally, Barclays increased their target price on shares of Essent Group from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.86.
Get Our Latest Report on ESNT
Institutional Investors Weigh In On Essent Group
Several large investors have recently added to or reduced their stakes in ESNT. PNC Financial Services Group Inc. boosted its position in Essent Group by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,238 shares of the financial services provider's stock worth $211,000 after purchasing an additional 172 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Essent Group by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 16,584 shares of the financial services provider's stock valued at $1,078,000 after purchasing an additional 204 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Essent Group by 26.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,162 shares of the financial services provider's stock worth $76,000 after purchasing an additional 243 shares during the period. Trexquant Investment LP lifted its stake in shares of Essent Group by 0.7% in the 4th quarter. Trexquant Investment LP now owns 38,436 shares of the financial services provider's stock worth $2,499,000 after purchasing an additional 255 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Essent Group by 1.2% in the second quarter. Tidal Investments LLC now owns 21,801 shares of the financial services provider's stock worth $1,324,000 after buying an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 93.00% of the company's stock.
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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