3,710 Shares in The Ensign Group, Inc. $ENSG Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired 3,710 shares of The Ensign Group, Inc., valued at around $478,000, as per their Form 13F filing.
• The Ensign Group has announced a quarterly dividend of $0.0625 per share, reflecting a 0.2% dividend yield and a payout ratio of 4.54%.
• Recent analyst upgrades have led to price targets for The Ensign Group being raised, with consensus rating now at "Moderate Buy" and an average target of $172.67.

United Services Automobile Association purchased a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,710 shares of the company's stock, valued at approximately $478,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Forum Financial Management LP boosted its holdings in shares of The Ensign Group by 5.8% in the 4th quarter. Forum Financial Management LP now owns 1,524 shares of the company's stock worth $202,000 after buying an additional 84 shares during the last quarter. State of Wyoming boosted its holdings in shares of The Ensign Group by 4.5% in the 1st quarter. State of Wyoming now owns 1,967 shares of the company's stock worth $255,000 after buying an additional 85 shares during the last quarter. Wealth Alliance LLC boosted its holdings in shares of The Ensign Group by 4.6% in the 1st quarter. Wealth Alliance LLC now owns 1,971 shares of the company's stock worth $255,000 after buying an additional 86 shares during the last quarter. CWM LLC boosted its holdings in shares of The Ensign Group by 17.9% in the 1st quarter. CWM LLC now owns 585 shares of the company's stock worth $76,000 after buying an additional 89 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of The Ensign Group by 1.6% in the 1st quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock worth $754,000 after buying an additional 92 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Trading Down 2.0%

Shares of ENSG opened at $166.15 on Thursday. The business's 50-day moving average price is $157.41 and its 200-day moving average price is $144.28. The Ensign Group, Inc. has a twelve month low of $118.73 and a twelve month high of $174.98. The stock has a market cap of $9.59 billion, a PE ratio of 30.15, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.05. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The company's revenue was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, equities analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The Ensign Group's dividend payout ratio is currently 4.54%.

Analyst Upgrades and Downgrades

ENSG has been the topic of a number of research reports. Stephens boosted their price objective on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Truist Financial boosted their price objective on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Finally, UBS Group boosted their price objective on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.67.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the sale, the director directly owned 27,052 shares in the company, valued at $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Beverly B. Wittekind sold 4,719 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the sale, the vice president owned 38,679 shares in the company, valued at approximately $5,995,245. This represents a 10.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,498 shares of company stock worth $2,201,175 over the last ninety days. Company insiders own 3.90% of the company's stock.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.

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