Walthausen & Co. LLC Has $6.67 Million Holdings in Essent Group Ltd. (ESNT)
Walthausen & Co. LLC lessened its holdings in shares of Essent Group Ltd. (NYSE:ESNT) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,700 shares of the financial services provider’s stock after selling 13,560 shares during the period. Walthausen & Co. LLC owned about 0.19% of Essent Group worth $6,674,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in ESNT. Sei Investments Co. lifted its holdings in shares of Essent Group by 2.6% during the 1st quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 74 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Essent Group by 14.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Essent Group by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 288 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Essent Group during the 1st quarter worth approximately $120,000. Finally, US Bancorp DE lifted its holdings 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 worth $179,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 81.40% of the company’s stock.
In related news, VP David B. Weinstock sold 2,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $38.51, for a total transaction of $77,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary Lourdes Gibbons sold 4,600 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.01, for a total transaction of $184,046.00. Following the sale, the senior vice president now owns 267,502 shares of the company’s stock, valued at $10,702,755.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,918 shares of company stock valued at $909,690. Company insiders own 18.10% of the company’s stock.
A number of brokerages have recently weighed in on ESNT. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, September 8th. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $43.00 price target on shares of Essent Group and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, Barclays PLC upped their price target on shares of Essent Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Essent Group has a consensus rating of “Buy” and an average target price of $44.75.
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Essent Group Ltd. (NYSE ESNT) traded up 2.380% during trading on Wednesday, hitting $40.645. 187,107 shares of the stock traded hands. Essent Group Ltd. has a 12 month low of $25.84 and a 12 month high of $41.44. The stock has a market cap of $4.00 billion, a PE ratio of 14.464 and a beta of 1.14. The company has a 50-day moving average price of $39.01 and a 200-day moving average price of $37.75.
Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. The firm had revenue of $137.61 million during the quarter, compared to analyst estimates of $131.99 million. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The business’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. Equities research analysts expect that Essent Group Ltd. will post $3.05 EPS for the current year.
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.
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