Martingale Asset Management L P grew its position in shares of Essent Group Ltd. (NYSE:ESNT) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,354 shares of the financial services provider’s stock after buying an additional 5,806 shares during the period. Martingale Asset Management L P owned 0.17% of Essent Group worth $5,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESNT. Nationwide Fund Advisors lifted its position in shares of Essent Group by 31.0% during the 1st quarter. Nationwide Fund Advisors now owns 142,902 shares of the financial services provider’s stock valued at $5,169,000 after buying an additional 33,816 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Essent Group by 27.7% during the 1st quarter. Wells Fargo & Company MN now owns 739,280 shares of the financial services provider’s stock valued at $26,740,000 after buying an additional 160,551 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Essent Group by 55.0% during the 1st quarter. First Trust Advisors LP now owns 75,959 shares of the financial services provider’s stock valued at $2,747,000 after buying an additional 26,957 shares during the last quarter. US Bancorp DE lifted its position in shares of Essent Group by 4.6% during the 1st quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock valued at $179,000 after buying an additional 218 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Essent Group by 89.2% during the 1st quarter. Bank of New York Mellon Corp now owns 837,165 shares of the financial services provider’s stock worth $30,279,000 after purchasing an additional 394,599 shares in the last quarter. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Essent Group Ltd. (NYSE:ESNT) opened at 39.01 on Wednesday. Essent Group Ltd. has a one year low of $25.72 and a one year high of $41.44. The company’s 50-day moving average price is $38.34 and its 200-day moving average price is $37.07. The stock has a market cap of $3.64 billion, a PE ratio of 13.88 and a beta of 1.14.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $131.99 million. Essent Group had a return on equity of 18.77% and a net margin of 50.92%. Essent Group’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Essent Group Ltd. will post $3.06 earnings per share for the current year.

A number of analysts recently issued reports on ESNT shares. Barclays PLC reissued a “buy” rating on shares of Essent Group in a report on Wednesday, August 9th. Deutsche Bank AG increased their price objective on Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, July 10th. BTIG Research raised Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday. Finally, BidaskClub cut Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $43.43.

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In other news, SVP Mary Lourdes Gibbons sold 4,600 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.04, for a total value of $188,784.00. Following the transaction, the senior vice president now directly owns 262,902 shares in the company, valued at $10,789,498.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lawrence E. Mcalee, Jr. sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.01, for a total value of $76,020.00. Following the completion of the transaction, the chief financial officer now owns 279,285 shares in the company, valued at $10,615,622.85. The disclosure for this sale can be found here. Insiders have sold 31,918 shares of company stock worth $1,244,860 over the last quarter. 18.10% of the stock is owned by company insiders.

About Essent Group

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.

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

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