Quantamental Technologies LLC acquired a new stake in shares of Essent Group Ltd (NYSE:ESNT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,367 shares of the financial services provider’s stock, valued at approximately $47,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Essent Group by 170.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 800 shares during the period. Telemus Capital LLC acquired a new position in shares of Essent Group in the 3rd quarter valued at $208,000. Regal Investment Advisors LLC acquired a new position in shares of Essent Group in the 3rd quarter valued at $244,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Essent Group by 12.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,888 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 668 shares during the period. Finally, Signition LP acquired a new position in shares of Essent Group in the 3rd quarter valued at $268,000. Hedge funds and other institutional investors own 90.85% of the company’s stock.
Shares of ESNT opened at $41.27 on Tuesday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.81 and a beta of 1.40. Essent Group Ltd has a fifty-two week low of $31.08 and a fifty-two week high of $47.95.
Essent Group (NYSE:ESNT) last posted its earnings results on Friday, February 8th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.16. Essent Group had a net margin of 64.97% and a return on equity of 22.58%. The business had revenue of $193.10 million for the quarter, compared to analyst estimates of $189.76 million. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities analysts anticipate that Essent Group Ltd will post 5.13 earnings per share for the current fiscal year.
In other news, SVP Jeff Cashmer sold 25,000 shares of the stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $37.38, for a total transaction of $934,500.00. Following the sale, the senior vice president now directly owns 118,395 shares of the company’s stock, valued at approximately $4,425,605.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mary Lourdes Gibbons sold 9,000 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total transaction of $369,000.00. Following the sale, the senior vice president now directly owns 217,412 shares in the company, valued at $8,913,892. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
ESNT has been the topic of several analyst reports. Zacks Investment Research raised Essent Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Thursday, January 17th. ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a research report on Friday. Barclays set a $52.00 price target on Essent Group and gave the stock a “buy” rating in a research report on Friday, December 14th. Finally, JPMorgan Chase & Co. increased their price target on Essent Group from $42.50 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.18.
Essent Group Company Profile
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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