Essent Group Ltd. (NYSE:ESNT - Get Free Report) SVP Mary Lourdes Gibbons sold 240 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $62.00, for a total transaction of $14,880.00. Following the sale, the senior vice president owned 250,783 shares of the company's stock, valued at $15,548,546. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mary Lourdes Gibbons also recently made the following trade(s):
- On Monday, June 23rd, Mary Lourdes Gibbons sold 1,999 shares of Essent Group stock. The stock was sold at an average price of $60.00, for a total transaction of $119,940.00.
- On Monday, May 12th, Mary Lourdes Gibbons sold 1,777 shares of Essent Group stock. The stock was sold at an average price of $60.07, for a total transaction of $106,744.39.
- On Friday, May 9th, Mary Lourdes Gibbons sold 224 shares of Essent Group stock. The shares were sold at an average price of $60.03, for a total transaction of $13,446.72.
Essent Group Trading Up 1.3%
Shares of ESNT stock traded up $0.78 during mid-day trading on Friday, reaching $61.90. The stock had a trading volume of 339,363 shares, compared to its average volume of 664,711. Essent Group Ltd. has a 12-month low of $51.61 and a 12-month high of $65.34. The company has a market cap of $6.28 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 3.57 and a beta of 0.81. The business has a 50-day simple moving average of $58.80 and a 200 day simple moving average of $57.04.
Essent Group (NYSE:ESNT - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Essent Group had a net margin of 57.29% and a return on equity of 12.98%. The firm had revenue of $317.56 million during the quarter, compared to the consensus estimate of $311.18 million. During the same quarter in the prior year, the company earned $1.70 EPS. The company's revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Essent Group Ltd. will post 6.88 EPS for the current year.
Essent Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 30th. Essent Group's payout ratio is 18.16%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Essent Group in a research report on Friday, May 9th. Compass Point set a $69.00 price objective on shares of Essent Group and gave the company a "buy" rating in a research report on Friday, May 23rd. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Essent Group in a research report on Friday, May 9th. The Goldman Sachs Group reissued a "neutral" rating on shares of Essent Group in a report on Friday, May 9th. Finally, BTIG Research reissued a "buy" rating on shares of Essent Group in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Essent Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.29.
Get Our Latest Stock Analysis on ESNT
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. AdvisorNet Financial Inc acquired a new stake in shares of Essent Group during the 1st quarter valued at about $25,000. Mainstream Capital Management LLC acquired a new position in Essent Group in the fourth quarter worth $25,000. Picton Mahoney Asset Management lifted its stake in shares of Essent Group by 68.8% during the fourth quarter. Picton Mahoney Asset Management now owns 584 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 238 shares during the period. Summit Securities Group LLC acquired a new position in Essent Group in the first quarter valued at about $46,000. Finally, UMB Bank n.a. raised its position in shares of Essent Group by 330.6% during the first quarter. UMB Bank n.a. now owns 1,098 shares of the financial services provider's stock worth $63,000 after purchasing an additional 843 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.
Essent Group Company Profile
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Get Free Report)
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.
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