The Ensign Group, Inc. $ENSG Shares Sold by Trust Point Inc.

Key Points

• Trust Point Inc. sold 2,553 shares of The Ensign Group, reducing its stake by 33%, and now holds 5,192 shares valued at approximately $801,000.
• The Ensign Group reported earnings of $1.59 per share for the recent quarter, surpassing analysts' expectations, with a revenue of $1.23 billion, a year-over-year increase of 18.5%.
• Institutional investors hold 96.12% of The Ensign Group's stock, with several major firms, including American Century Companies Inc. and GAMMA Investing LLC, significantly increasing their positions recently.

Trust Point Inc. reduced its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,192 shares of the company's stock after selling 2,553 shares during the quarter. Trust Point Inc.'s holdings in The Ensign Group were worth $801,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ENSG. Crow s Nest Holdings LP bought a new position in The Ensign Group during the first quarter worth $56,936,000. American Century Companies Inc. raised its holdings in shares of The Ensign Group by 1,235.5% in the first quarter. American Century Companies Inc. now owns 468,575 shares of the company's stock valued at $60,634,000 after purchasing an additional 433,489 shares during the last quarter. GAMMA Investing LLC increased its holdings in The Ensign Group by 14,683.7% during the first quarter. GAMMA Investing LLC now owns 338,252 shares of the company's stock worth $43,770,000 after buying an additional 335,964 shares during the last quarter. Voya Investment Management LLC boosted its position in The Ensign Group by 1,546.6% during the first quarter. Voya Investment Management LLC now owns 273,489 shares of the company's stock worth $35,389,000 after purchasing an additional 256,880 shares during the period. Finally, Nuveen LLC bought a new position in The Ensign Group during the first quarter worth about $32,429,000. 96.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

The Ensign Group Trading Up 0.2%

NASDAQ:ENSG traded up $0.41 during midday trading on Tuesday, hitting $167.23. 34,221 shares of the company traded hands, compared to its average volume of 421,522. The firm's fifty day moving average is $160.53 and its 200-day moving average is $146.45. The Ensign Group, Inc. has a 12-month low of $118.73 and a 12-month high of $174.98. The firm has a market capitalization of $9.65 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.89 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. The Ensign Group's quarterly revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, sell-side analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group's dividend payout ratio (DPR) is presently 4.54%.

Insider Transactions at The Ensign Group

In other news, CFO Suzanne D. Snapper sold 8,379 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the transaction, the chief financial officer directly owned 269,692 shares in the company, valued at $39,971,051.32. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the transaction, the director owned 27,052 shares of the company's stock, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,779 shares of company stock worth $1,469,730. 3.90% of the stock is owned by corporate insiders.

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.