Penserra Capital Management LLC boosted its position in Essent Group Ltd (NYSE:ESNT) by 499.3% in the 4th quarter, Holdings Channel reports. The firm owned 122,024 shares of the financial services provider’s stock after acquiring an additional 101,663 shares during the period. Penserra Capital Management LLC’s holdings in Essent Group were worth $5,298,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its holdings in Essent Group by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 330 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Essent Group by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,924 shares of the financial services provider’s stock valued at $2,077,000 after acquiring an additional 1,079 shares during the period. Teacher Retirement System of Texas raised its holdings in Essent Group by 23.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,904 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 1,299 shares during the period. Rhumbline Advisers raised its holdings in Essent Group by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 88,868 shares of the financial services provider’s stock valued at $3,599,000 after acquiring an additional 1,311 shares during the period. Finally, Stifel Financial Corp raised its holdings in Essent Group by 12.6% in the 3rd quarter. Stifel Financial Corp now owns 12,826 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 1,438 shares during the period. Institutional investors and hedge funds own 86.19% of the company’s stock.

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Essent Group to $59.00 and gave the company an “outperform” rating in a report on Monday. Zelman & Associates raised shares of Essent Group from a “hold” rating to a “buy” rating in a report on Monday. Compass Point raised their target price on shares of Essent Group from $57.50 to $60.75 and gave the stock a “buy” rating in a report on Monday. Susquehanna Bancshares set a $62.00 target price on shares of Essent Group and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $58.00 target price on shares of Essent Group in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Essent Group presently has an average rating of “Buy” and an average price target of $52.52.

Essent Group Ltd (NYSE:ESNT) opened at $44.74 on Tuesday. Essent Group Ltd has a fifty-two week low of $33.45 and a fifty-two week high of $50.08. The company has a market cap of $4,323.23, a P/E ratio of 11.30, a PEG ratio of 1.10 and a beta of 1.15.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Essent Group had a net margin of 65.87% and a return on equity of 18.84%. The company had revenue of $161.77 million for the quarter, compared to analysts’ expectations of $155.22 million. During the same period last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. equities analysts predict that Essent Group Ltd will post 3.99 EPS for the current fiscal year.

In related news, Director Robert Glanville sold 3,000 shares of Essent Group stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.88, for a total value of $134,640.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Turnbull sold 10,000 shares of Essent Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director now directly owns 45,409 shares in the company, valued at $2,043,405. The disclosure for this sale can be found here. Insiders have sold 34,013 shares of company stock worth $1,546,045 over the last ninety days. Insiders own 18.10% of the company’s stock.

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

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