Essent Group Ltd (NYSE:ESNT) SVP Jeff Cashmer sold 25,000 shares of Essent Group stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $40.06, for a total value of $1,001,500.00. Following the completion of the transaction, the senior vice president now directly owns 143,395 shares of the company’s stock, valued at $5,744,403.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Essent Group stock traded up $0.25 on Friday, reaching $40.80. 1,777 shares of the company were exchanged, compared to its average volume of 638,737. Essent Group Ltd has a 1-year low of $32.73 and a 1-year high of $50.08. The company has a market cap of $4.00 billion, a PE ratio of 13.17, a P/E/G ratio of 0.90 and a beta of 1.26.

Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, August 3rd. The financial services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.08. Essent Group had a return on equity of 19.37% and a net margin of 71.08%. The business had revenue of $173.77 million during the quarter, compared to the consensus estimate of $174.06 million. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts forecast that Essent Group Ltd will post 4.54 EPS for the current year.

Several equities analysts have weighed in on the company. Susquehanna Bancshares lifted their target price on Essent Group from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 6th. Zacks Investment Research downgraded Essent Group from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. ValuEngine downgraded Essent Group from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. MKM Partners dropped their target price on Essent Group to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. dropped their target price on Essent Group from $51.00 to $40.00 and set a “$38.36” rating for the company in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.98.

Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its position in shares of Essent Group by 55.0% during the third quarter. Xact Kapitalforvaltning AB now owns 20,281 shares of the financial services provider’s stock worth $897,000 after buying an additional 7,200 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Essent Group by 2.7% during the third quarter. Peregrine Capital Management LLC now owns 768,118 shares of the financial services provider’s stock worth $33,989,000 after purchasing an additional 20,334 shares during the last quarter. Bowling Portfolio Management LLC lifted its stake in Essent Group by 27.7% during the third quarter. Bowling Portfolio Management LLC now owns 55,514 shares of the financial services provider’s stock worth $2,456,000 after purchasing an additional 12,028 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in Essent Group during the third quarter worth approximately $277,000. Finally, First Hawaiian Bank purchased a new stake in Essent Group during the third quarter worth approximately $604,000. 90.10% of the stock is owned by institutional investors and hedge funds.

Essent Group Company Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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