Essent Group Ltd (NYSE:ESNT) CAO Sells $94,020.00 in Stock

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Essent Group Ltd (NYSE:ESNT) CAO David B. Weinstock sold 2,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $47.01, for a total value of $94,020.00. Following the completion of the sale, the chief accounting officer now owns 24,118 shares in the company, valued at approximately $1,133,787.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David B. Weinstock also recently made the following trade(s):

  • On Tuesday, July 16th, David B. Weinstock sold 2,000 shares of Essent Group stock. The shares were sold at an average price of $47.87, for a total value of $95,740.00.

Shares of NYSE ESNT opened at $48.56 on Friday. The stock’s fifty day moving average price is $47.24 and its two-hundred day moving average price is $46.09. Essent Group Ltd has a one year low of $31.08 and a one year high of $50.51. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.87 and a beta of 1.30.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, August 2nd. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.09. Essent Group had a return on equity of 21.05% and a net margin of 64.34%. The firm had revenue of $211.89 million for the quarter. As a group, research analysts expect that Essent Group Ltd will post 5.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Wednesday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, September 3rd.

A number of equities research analysts recently weighed in on ESNT shares. ValuEngine cut Essent Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, August 7th. Finally, BTIG Research restated a “buy” rating and issued a $54.00 price target on shares of Essent Group in a research note on Sunday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Essent Group currently has a consensus rating of “Hold” and an average price target of $50.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank grew its holdings in shares of Essent Group by 3.0% during the 1st quarter. Swiss National Bank now owns 160,900 shares of the financial services provider’s stock worth $6,991,000 after purchasing an additional 4,700 shares in the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Essent Group during the 2nd quarter worth $146,000. Unigestion Holding SA grew its holdings in shares of Essent Group by 6.9% during the 2nd quarter. Unigestion Holding SA now owns 74,475 shares of the financial services provider’s stock worth $3,500,000 after purchasing an additional 4,798 shares in the last quarter. First Quadrant L P CA grew its holdings in shares of Essent Group by 7.7% during the 2nd quarter. First Quadrant L P CA now owns 80,970 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 5,775 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Essent Group by 21.3% in the fourth quarter. Legal & General Group Plc now owns 41,046 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 7,218 shares in the last quarter. 91.17% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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