Essent Group Ltd. (ESNT) Shares Bought by Strs Ohio
Strs Ohio raised its position in Essent Group Ltd. (NYSE:ESNT) by 16.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,300 shares of the company’s stock after buying an additional 7,400 shares during the period. Strs Ohio’s holdings in Essent Group were worth $1,118,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd boosted its position in shares of Essent Group by 55.8% in the first quarter. Quadrature Capital Ltd now owns 14,259 shares of the company’s stock valued at $296,000 after buying an additional 5,104 shares in the last quarter. Zebra Capital Management LLC acquired a new position in shares of Essent Group during the first quarter valued at $343,000. Nordea Investment Management AB boosted its position in shares of Essent Group by 243.3% in the second quarter. Nordea Investment Management AB now owns 27,609 shares of the company’s stock valued at $602,000 after buying an additional 19,567 shares in the last quarter. Harvest Capital Strategies LLC boosted its position in shares of Essent Group by 98.9% in the first quarter. Harvest Capital Strategies LLC now owns 49,075 shares of the company’s stock valued at $1,020,000 after buying an additional 24,400 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Essent Group by 33.6% in the first quarter. UBS Group AG now owns 51,198 shares of the company’s stock valued at $1,065,000 after buying an additional 12,887 shares in the last quarter. 85.92% of the stock is owned by institutional investors and hedge funds.
Shares of Essent Group Ltd. (NYSE:ESNT) traded down 1.39% during midday trading on Thursday, reaching $27.60. The company’s stock had a trading volume of 667,328 shares. The firm has a 50-day moving average of $26.84 and a 200-day moving average of $23.23. Essent Group Ltd. has a one year low of $16.49 and a one year high of $28.62. The stock has a market cap of $2.57 billion, a PE ratio of 13.66 and a beta of 1.09.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm earned $108.50 million during the quarter, compared to the consensus estimate of $105.30 million. Essent Group had a return on equity of 15.98% and a net margin of 46.40%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, analysts forecast that Essent Group Ltd. will post $2.28 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Bank of America Corp. cut shares of Essent Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 28th. Barclays PLC set a $30.00 price target on shares of Essent Group and gave the stock a “buy” rating in a research note on Saturday, September 17th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Essent Group in a research note on Monday, August 8th. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Essent Group from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.61.
In other news, SVP Jeff Cashmer sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $26.15, for a total transaction of $627,600.00. Following the completion of the sale, the senior vice president now owns 158,753 shares in the company, valued at $4,151,390.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mary Lourdes Gibbons sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $27.83, for a total value of $208,725.00. Following the sale, the senior vice president now owns 271,481 shares of the company’s stock, valued at approximately $7,555,316.23. The disclosure for this sale can be found here. Insiders own 20.70% of the company’s stock.
About Essent Group
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.
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