Essent Group (NYSE:ESNT) SVP Sells $992,250.00 in Stock

Essent Group Ltd. (NYSE:ESNT) SVP Vijay Bhasin sold 14,175 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 owned 184,274 shares of the company’s stock, valued at approximately $12,899,180. This trade represents a 7.14% decrease in their position. 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 Trading Down 0.7%

NYSE ESNT opened at $68.59 on Friday. Essent Group Ltd. has a twelve month low of $55.34 and a twelve month high of $70.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.74 and a beta of 0.76. The firm’s 50 day moving average price is $64.87 and its two-hundred day moving average price is $61.99.

Essent Group (NYSE:ESNT) 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%. Equities analysts anticipate that Essent Group Ltd. will post 7.6 EPS for the current year.

Essent Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Essent Group’s dividend payout ratio is currently 19.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of Essent Group by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,238 shares of the financial services provider’s stock worth $211,000 after buying an additional 172 shares in the last quarter. Natixis Advisors LLC boosted its stake in Essent Group by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 16,584 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 204 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Essent Group by 26.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,162 shares of the financial services provider’s stock valued at $76,000 after buying an additional 243 shares in the last quarter. Trexquant Investment LP grew its position in Essent Group by 0.7% in the fourth quarter. Trexquant Investment LP now owns 38,436 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 255 shares during the period. Finally, Tidal Investments LLC grew its position in Essent Group by 1.2% in the second quarter. Tidal Investments LLC now owns 21,801 shares of the financial services provider’s stock valued at $1,324,000 after acquiring an additional 261 shares during the period. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Analysts Set New Price Targets

ESNT has been the topic of several research analyst reports. Roth Capital lifted their target price on Essent Group from $65.00 to $80.00 and gave the company a “buy” rating in a research note 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. raised their price target on shares of Essent Group from $65.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Barclays boosted their price objective 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. Finally, Royal Bank Of Canada upped their price objective on shares of Essent Group from $68.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Essent Group presently has a consensus rating of “Hold” and a consensus price target of $71.86.

Essent Group Company Profile

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.