Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,600 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $41.04, for a total transaction of $188,784.00. Following the completion of the sale, the senior vice president now owns 262,902 shares of the company’s stock, valued at approximately $10,789,498.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mary Lourdes Gibbons also recently made the following trade(s):

  • On Friday, August 4th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $40.01, for a total transaction of $184,046.00.
  • On Tuesday, July 18th, Mary Lourdes Gibbons sold 393 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total transaction of $15,327.00.
  • On Monday, July 17th, Mary Lourdes Gibbons sold 4,207 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total transaction of $164,073.00.

Shares of Essent Group Ltd. (NYSE ESNT) traded down 3.69% on Thursday, hitting $37.60. 1,732,441 shares of the stock were exchanged. The stock has a market cap of $3.51 billion, a PE ratio of 13.38 and a beta of 1.14. The company’s 50 day moving average is $38.17 and its 200-day moving average is $36.61. Essent Group Ltd. has a 52-week low of $25.54 and a 52-week high of $41.44.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The firm had revenue of $137.61 million for the quarter, compared to analysts’ expectations of $131.99 million. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. Analysts predict that Essent Group Ltd. will post $3.08 EPS for the current fiscal year.

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Several equities research analysts have recently commented on the stock. Barclays PLC restated a “buy” rating on shares of Essent Group in a report on Wednesday. Keefe, Bruyette & Woods set a $43.00 price target on shares of Essent Group and gave the company a “hold” rating in a report on Monday. Deutsche Bank AG lifted their price objective on shares of Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $43.50.

A number of hedge funds have recently modified their holdings of the stock. NorthCoast Asset Management LLC boosted its stake in shares of Essent Group by 38.2% in the second quarter. NorthCoast Asset Management LLC now owns 88,495 shares of the financial services provider’s stock valued at $3,287,000 after buying an additional 24,456 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Essent Group during the second quarter valued at $2,663,000. Martingale Asset Management L P boosted its stake in shares of Essent Group by 3.9% in the second quarter. Martingale Asset Management L P now owns 154,354 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 5,806 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Essent Group by 18.7% in the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock valued at $139,494,000 after buying an additional 592,824 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Essent Group by 69.4% in the second quarter. Schroder Investment Management Group now owns 71,681 shares of the financial services provider’s stock valued at $2,668,000 after buying an additional 29,357 shares during the period. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

Essent Group Company Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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