Essent Group Ltd (ESNT) Director Sells $230,000.00 in Stock
Essent Group Ltd (NYSE:ESNT) Director Andrew Turnbull sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the transaction, the director now owns 24,596 shares in the company, valued at approximately $1,131,416. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Andrew Turnbull also recently made the following trade(s):
- On Monday, December 4th, Andrew Turnbull sold 15,813 shares of Essent Group stock. The stock was sold at an average price of $45.62, for a total value of $721,389.06.
- On Friday, December 1st, Andrew Turnbull sold 10,000 shares of Essent Group stock. The stock was sold at an average price of $45.00, for a total value of $450,000.00.
Essent Group Ltd (NYSE ESNT) opened at $46.56 on Monday. Essent Group Ltd has a 12 month low of $31.33 and a 12 month high of $46.61. The company has a market capitalization of $4,583.09, a P/E ratio of 15.57, a P/E/G ratio of 1.51 and a beta of 1.15.
Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. The business had revenue of $150.20 million for the quarter, compared to the consensus estimate of $143.79 million. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. Essent Group’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. analysts expect that Essent Group Ltd will post 3.08 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. BTIG Research upgraded Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, September 8th. Deutsche Bank upped their price objective on Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. BidaskClub upgraded Essent Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $44.00 price objective on shares of Essent Group in a research note on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $45.78.
Several large investors have recently bought and sold shares of ESNT. Fortaleza Asset Management Inc. purchased a new stake in shares of Essent Group during the third quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Essent Group by 10.1% during the second 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 in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Essent Group during the second quarter worth $208,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Essent Group during the third quarter worth $219,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Essent Group during the second quarter worth $243,000. Hedge funds and other institutional investors own 85.83% 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.
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