Janus Henderson Group PLC Makes New Investment in Essent Group Ltd (NYSE:ESNT)

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Janus Henderson Group PLC purchased a new stake in Essent Group Ltd (NYSE:ESNT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,738 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other hedge funds also recently bought and sold shares of ESNT. Advisor Group Inc. grew its stake in Essent Group by 14.9% in the 2nd quarter. Advisor Group Inc. now owns 2,726 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 354 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Essent Group by 110.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 101,999 shares of the financial services provider’s stock valued at $4,793,000 after purchasing an additional 53,436 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of Essent Group in the 2nd quarter valued at $204,000. Janney Montgomery Scott LLC boosted its holdings in shares of Essent Group by 64.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,645 shares of the financial services provider’s stock valued at $782,000 after purchasing an additional 6,517 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Essent Group by 343.8% in the 2nd quarter. SG Americas Securities LLC now owns 38,924 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 30,153 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 9,963 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $50.01, for a total value of $498,249.63. Following the transaction, the chief financial officer now owns 217,241 shares in the company, valued at approximately $10,864,222.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David B. Weinstock sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $47.87, for a total transaction of $95,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,849 shares of company stock worth $1,649,299 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Shares of ESNT opened at $47.11 on Wednesday. The firm has a market cap of $4.67 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. The company’s fifty day moving average is $47.11 and its two-hundred day moving average is $46.26. Essent Group Ltd has a fifty-two week low of $31.08 and a fifty-two week high of $50.51.

Essent Group (NYSE:ESNT) last posted its earnings results on Friday, August 2nd. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.09. The business had revenue of $211.89 million for the quarter. Essent Group had a net margin of 64.34% and a return on equity of 21.05%. Equities research analysts anticipate that Essent Group Ltd will post 5.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.27%.

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

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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Institutional Ownership by Quarter for Essent Group (NYSE:ESNT)

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