Mitsubishi UFJ Trust & Banking Corp Takes $6.16 Million Position in The Ensign Group, Inc. $ENSG

Mitsubishi UFJ Trust & Banking Corp purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,637 shares of the company’s stock, valued at approximately $6,157,000.

Several other institutional investors also recently bought and sold shares of ENSG. Steward Partners Investment Advisory LLC increased its stake in The Ensign Group by 638.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of The Ensign Group during the third quarter valued at approximately $35,000. MAI Capital Management increased its position in shares of The Ensign Group by 1,009.5% during the second quarter. MAI Capital Management now owns 233 shares of the company’s stock valued at $36,000 after acquiring an additional 212 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in The Ensign Group by 1,128.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 258 shares of the company’s stock worth $40,000 after acquiring an additional 237 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in The Ensign Group by 872.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 282 shares of the company’s stock worth $44,000 after acquiring an additional 253 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Ensign Group

In related news, Director John O. Agwunobi sold 146 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $178.31, for a total value of $26,033.26. Following the transaction, the director directly owned 9,087 shares of the company’s stock, valued at approximately $1,620,302.97. This trade represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Spencer Burton sold 2,209 shares of The Ensign Group stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $180.00, for a total value of $397,620.00. Following the transaction, the chief operating officer owned 51,165 shares in the company, valued at $9,209,700. This trade represents a 4.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,634 shares of company stock valued at $9,079,891 in the last quarter. Insiders own 3.90% of the company’s stock.

The Ensign Group Stock Performance

Shares of ENSG opened at $170.06 on Friday. The firm has a market capitalization of $9.85 billion, a P/E ratio of 30.42, a PEG ratio of 1.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.46 and a quick ratio of 1.46. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $193.99. The business has a fifty day moving average of $177.97 and a 200 day moving average of $171.98.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a return on equity of 16.77% and a net margin of 6.80%.The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, December 31st will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.2%. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, December 31st. The Ensign Group’s dividend payout ratio (DPR) is presently 4.65%.

Analysts Set New Price Targets

ENSG has been the topic of several recent analyst reports. Truist Financial increased their target price on The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a report on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of The Ensign Group in a report on Wednesday, November 5th. Stephens boosted their target price on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $206.00 target price (up previously from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.40.

The Ensign Group Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.