Stifel Financial Corp decreased its holdings in Essent Group Ltd (NYSE:ESNT) by 82.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,936 shares of the financial services provider’s stock after selling 45,298 shares during the quarter. Stifel Financial Corp’s holdings in Essent Group were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in ESNT. Hudson Bay Capital Management LP raised its position in shares of Essent Group by 27.7% in the 4th quarter. Hudson Bay Capital Management LP now owns 182,725 shares of the financial services provider’s stock worth $6,246,000 after purchasing an additional 39,669 shares during the last quarter. BlackRock Inc. raised its position in shares of Essent Group by 4.3% in the 4th quarter. BlackRock Inc. now owns 7,801,470 shares of the financial services provider’s stock worth $266,654,000 after purchasing an additional 319,226 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Essent Group by 6.5% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 241,969 shares of the financial services provider’s stock worth $8,271,000 after purchasing an additional 14,785 shares during the last quarter. Bayview Asset Management LLC purchased a new position in shares of Essent Group in the 4th quarter worth about $7,758,000. Finally, Legal & General Group Plc raised its position in shares of Essent Group by 8.0% in the 3rd quarter. Legal & General Group Plc now owns 33,828 shares of the financial services provider’s stock worth $1,497,000 after purchasing an additional 2,520 shares during the last quarter. 92.12% of the stock is owned by institutional investors.
In related news, SVP Vijay Bhasin sold 45,315 shares of Essent Group stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $44.50, for a total value of $2,016,517.50. Following the completion of the sale, the senior vice president now directly owns 194,302 shares in the company, valued at approximately $8,646,439. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeff Cashmer sold 25,000 shares of Essent Group stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $37.38, for a total value of $934,500.00. Following the completion of the sale, the senior vice president now owns 118,395 shares of the company’s stock, valued at $4,425,605.10. The disclosure for this sale can be found here. Insiders sold a total of 139,322 shares of company stock valued at $5,959,631 over the last quarter. 2.90% of the stock is owned by corporate insiders.
NYSE ESNT opened at $45.71 on Wednesday. Essent Group Ltd has a one year low of $31.08 and a one year high of $47.94. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.15 by $0.16. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The company had revenue of $193.10 million during the quarter, compared to the consensus estimate of $189.76 million. During the same period last year, the company earned $0.79 EPS. Essent Group’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that Essent Group Ltd will post 5.22 earnings per share for the current fiscal year.
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About Essent Group
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.
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