Deutsche Bank AG Acquires New Shares in Essent Group Ltd. $ESNT

Deutsche Bank AG bought a new stake in Essent Group Ltd. (NYSE:ESNT) during the 2nd quarter, Holdings Channel reports. The fund bought 670,014 shares of the financial services provider’s stock, valued at approximately $43,068,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESNT. PNC Financial Services Group Inc. grew its position in shares of Essent Group by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,238 shares of the financial services provider’s stock worth $211,000 after buying an additional 172 shares during the period. Natixis Advisors LLC increased its position in shares of Essent Group by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 16,584 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 204 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Essent Group by 26.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,162 shares of the financial services provider’s stock valued at $76,000 after buying an additional 243 shares in the last quarter. Trexquant Investment LP raised its stake in Essent Group by 0.7% during the 4th quarter. Trexquant Investment LP now owns 38,436 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 255 shares during the period. Finally, Tidal Investments LLC lifted its holdings in Essent Group by 1.2% during the second quarter. Tidal Investments LLC now owns 21,801 shares of the financial services provider’s stock worth $1,324,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ESNT. Barclays boosted their target price on Essent Group from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Keefe, Bruyette & Woods boosted their price objective on Essent Group from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. boosted their price objective on Essent Group from $65.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Roth Capital raised their target price on shares of Essent Group from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Essent Group from $68.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.86.

Insider Transactions at Essent Group

In related news, CFO David B. Weinstock sold 5,500 shares of Essent Group stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $63.51, for a total value of $349,305.00. Following the sale, the chief financial officer owned 35,494 shares of the company’s stock, valued at approximately $2,254,223.94. The trade was a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Casale sold 29,329 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $65.35, for a total value of $1,916,650.15. Following the sale, the chief executive officer owned 2,184,143 shares in the company, valued at $142,733,745.05. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 96,348 shares of company stock worth $6,552,539 in the last three months. Insiders own 3.60% of the company’s stock.

Essent Group Stock Down 0.6%

ESNT stock opened at $68.10 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $6.12 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.72 and a beta of 0.76. The business has a 50-day moving average of $65.06 and a 200-day moving average of $62.04. Essent Group Ltd. has a fifty-two week low of $55.34 and a fifty-two week high of $70.37.

Essent Group (NYSE:ESNT) last released its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share for the quarter. The firm had revenue of $362.69 million during the quarter. Essent Group had a return on equity of 11.91% and a net margin of 51.45%. On average, sell-side analysts anticipate that Essent Group Ltd. will post 7.6 earnings per share for the current fiscal year.

Essent Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 2.1%. Essent Group’s payout ratio is 19.53%.

Essent Group Profile

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.