SignalPoint Asset Management LLC reduced its position in shares of Essent Group Ltd. (NYSE:ESNT) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,651 shares of the financial services provider’s stock after selling 1,735 shares during the period. SignalPoint Asset Management LLC’s holdings in Essent Group were worth $841,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. raised its stake in shares of Essent Group by 0.7% in the first quarter. Riggs Asset Managment Co. Inc. now owns 57,422 shares of the financial services provider’s stock worth $2,077,000 after buying an additional 373 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Essent Group by 14.1% in the first quarter. Bowling Portfolio Management LLC now owns 25,902 shares of the financial services provider’s stock worth $937,000 after buying an additional 3,195 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Essent Group by 27.7% in the first quarter. Wells Fargo & Company MN now owns 739,280 shares of the financial services provider’s stock worth $26,740,000 after buying an additional 160,551 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Essent Group by 22.8% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 442,726 shares of the financial services provider’s stock worth $16,013,000 after buying an additional 82,186 shares in the last quarter. Finally, Breton Hill Capital Ltd. purchased a new stake in shares of Essent Group during the first quarter worth approximately $1,026,000. Hedge funds and other institutional investors own 86.12% of the company’s stock.

Shares of Essent Group Ltd. (NYSE ESNT) opened at 40.66 on Tuesday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 15.58 and a beta of 1.14. The company has a 50-day moving average price of $37.71 and a 200-day moving average price of $36.37. Essent Group Ltd. has a 12 month low of $24.89 and a 12 month high of $41.44.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. Essent Group had a return on equity of 19.26% and a net margin of 50.92%. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $131.99 million. During the same period last year, the business posted $0.57 EPS. The company’s revenue was up 27.2% on a year-over-year basis. On average, analysts expect that Essent Group Ltd. will post $3.09 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Essent Group Ltd. (ESNT) Position Decreased by SignalPoint Asset Management LLC” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/08/essent-group-ltd-esnt-position-decreased-by-signalpoint-asset-management-llc.html.

A number of brokerages recently commented on ESNT. Barclays PLC upped their target price on Essent Group from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods set a $43.00 target price on Essent Group and gave the company a “hold” rating in a research report on Monday. J P Morgan Chase & Co lowered Essent Group from an “overweight” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Friday, April 21st. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Monday, July 10th. Finally, BidaskClub lowered Essent Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Essent Group currently has an average rating of “Buy” and an average price target of $41.83.

In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 2,000 shares of Essent Group stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $39.02, for a total value of $78,040.00. Following the transaction, the chief financial officer now directly owns 275,285 shares in the company, valued at approximately $10,741,620.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of Essent Group stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $36.99, for a total value of $258,930.00. Following the completion of the transaction, the chief financial officer now owns 279,285 shares in the company, valued at $10,330,752.15. The disclosure for this sale can be found here. Insiders sold a total of 25,318 shares of company stock worth $978,176 over the last quarter. Company insiders own 18.10% of the company’s stock.

Essent Group Company Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Want to see what other hedge funds are holding ESNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essent Group Ltd. (NYSE:ESNT).

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

Receive News & Ratings for Essent Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.