Corebridge Financial Inc. Has $11.62 Million Stock Holdings in The Ensign Group, Inc. $ENSG

Key Points

• Corebridge Financial Inc. reduced its stake in The Ensign Group by 2.0%, owning 89,790 shares worth approximately $11.62 million after selling 1,798 shares in the first quarter.
• Equities research analysts have mixed ratings on The Ensign Group, with five analysts rating it as a Buy and one as a Hold, while the average target price is set at $171.00.
• The Ensign Group recently declared a quarterly dividend of $0.0625 per share, reflecting an annualized yield of 0.1% as its total dividend payout ratio stands at 4.54%.

Corebridge Financial Inc. cut its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,790 shares of the company's stock after selling 1,798 shares during the quarter. Corebridge Financial Inc. owned about 0.16% of The Ensign Group worth $11,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of The Ensign Group in the first quarter worth about $36,000. AdvisorNet Financial Inc acquired a new stake in shares of The Ensign Group in the first quarter worth about $38,000. Blue Trust Inc. lifted its position in shares of The Ensign Group by 39.0% in the first quarter. Blue Trust Inc. now owns 467 shares of the company's stock worth $60,000 after buying an additional 131 shares during the last quarter. Finally, CWM LLC lifted its position in shares of The Ensign Group by 17.9% in the first 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. Institutional investors and hedge funds own 96.12% of the company's stock.

The Ensign Group Stock Performance

Shares of ENSG stock traded down $0.82 during trading hours on Monday, reaching $171.78. 407,261 shares of the company's stock were exchanged, compared to its average volume of 384,783. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $173.62. The stock has a market capitalization of $9.91 billion, a P/E ratio of 31.18, a P/E/G ratio of 1.97 and a beta of 0.93. The business has a fifty day moving average price of $154.74 and a 200-day moving average price of $142.35. 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 issued its quarterly earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Cuts Dividend

The business also recently disclosed 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 of this dividend was Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group's dividend payout ratio is currently 4.54%.

Analysts Set New Price Targets

Several research firms recently weighed in on ENSG. Truist Financial boosted their target price on The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a report on Monday, July 28th. UBS Group restated a "buy" rating and issued a $195.00 price objective (up from $185.00) on shares of The Ensign Group in a research note on Thursday, August 14th. Finally, Stephens boosted their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and an average price target of $171.00.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $153.48, for a total transaction of $107,436.00. Following the completion of the transaction, the director owned 27,852 shares of the company's stock, valued at approximately $4,274,724.96. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 4,719 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the completion of the transaction, the vice president directly owned 38,679 shares of the company's stock, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,798 shares of company stock valued at $2,080,733. 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.