Advisors Asset Management Inc. reduced its stake in shares of Essent Group Ltd. (NYSE:ESNT) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 26,616 shares of the company’s stock after selling 473 shares during the period. Advisors Asset Management Inc.’s holdings in Essent Group were worth $580,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Boston Partners boosted its position in Essent Group by 1.4% in the second quarter. Boston Partners now owns 1,619,951 shares of the company’s stock valued at $35,331,000 after buying an additional 21,979 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Essent Group by 21.4% in the second quarter. Bank of New York Mellon Corp now owns 675,999 shares of the company’s stock valued at $14,743,000 after buying an additional 118,984 shares during the last quarter. Renaissance Technologies LLC boosted its position in Essent Group by 96.0% in the first quarter. Renaissance Technologies LLC now owns 610,200 shares of the company’s stock valued at $12,692,000 after buying an additional 298,800 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Essent Group by 1.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 269,284 shares of the company’s stock valued at $5,873,000 after buying an additional 3,539 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in Essent Group by 46.0% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 196,549 shares of the company’s stock valued at $4,287,000 after buying an additional 61,949 shares during the last quarter. Institutional investors own 85.92% of the company’s stock.
Essent Group Ltd. (NYSE:ESNT) traded up 0.04% during midday trading on Monday, hitting $26.58. The stock had a trading volume of 208,748 shares. Essent Group Ltd. has a 1-year low of $16.49 and a 1-year high of $28.62. The stock’s 50-day moving average is $26.47 and its 200-day moving average is $22.59. The company has a market capitalization of $2.47 billion, a PE ratio of 13.16 and a beta of 1.09.
Essent Group (NYSE:ESNT) last announced its earnings results on Thursday, August 4th. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. Essent Group had a return on equity of 15.98% and a net margin of 46.40%. The company had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $105.30 million. During the same period last year, the firm earned $0.41 EPS. Essent Group’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities research analysts forecast that Essent Group Ltd. will post $2.27 EPS for the current year.
ESNT has been the subject of several recent analyst reports. Barclays PLC boosted their target price on Essent Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 7th. Zacks Investment Research cut Essent Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Credit Suisse Group AG restated a “hold” rating on shares of Essent Group in a research report on Monday, August 8th. TheStreet upgraded Essent Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on Essent Group from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.05.
In other Essent Group news, Director Andrew Turnbull purchased 36,353 shares of the firm’s stock in a transaction on Wednesday, July 6th. The shares were acquired at an average cost of $21.33 per share, with a total value of $775,409.49. Following the completion of the acquisition, the director now directly owns 49,864 shares in the company, valued at $1,063,599.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mary Lourdes Gibbons sold 7,500 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $27.83, for a total value of $208,725.00. Following the sale, the senior vice president now directly owns 271,481 shares in the company, valued at $7,555,316.23. The disclosure for this sale can be found here. 20.70% of the stock is owned by corporate insiders.
About Essent Group
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.
Want to see what other hedge funds are holding ESNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essent Group Ltd. (NYSE:ESNT).
Receive News & Ratings for Essent Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.