Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,600 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.01, for a total value of $184,046.00. Following the completion of the sale, the senior vice president now directly owns 267,502 shares of the company’s stock, valued at approximately $10,702,755.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 7th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $41.04, for a total value of $188,784.00.
  • 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 value 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 value of $164,073.00.

Shares of Essent Group Ltd. (NYSE ESNT) traded down 1.43% during trading on Friday, reaching $37.87. The company had a trading volume of 693,326 shares. Essent Group Ltd. has a 12 month low of $25.68 and a 12 month high of $41.44. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 13.48 and a beta of 1.14. The firm has a 50 day moving average price of $38.60 and a 200 day moving average price of $36.82.

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

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Several equities analysts have weighed in on ESNT shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of Essent Group in a report on Friday, April 28th. Bank of America Corporation upgraded Essent Group from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $43.00 in a research note on Tuesday, May 9th. Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded Essent Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, BidaskClub lowered Essent Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $43.50.

A number of large investors have recently made changes to their positions in ESNT. Sei Investments Co. raised its stake in shares of Essent Group by 2.6% in the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after buying an additional 74 shares during the period. Albion Financial Group UT raised its stake in shares of Essent Group by 0.9% in the second quarter. Albion Financial Group UT now owns 15,704 shares of the financial services provider’s stock worth $583,000 after buying an additional 145 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Essent Group by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,746 shares of the financial services provider’s stock worth $845,000 after buying an additional 200 shares during the period. US Bancorp DE raised its stake in shares of Essent Group by 4.6% in the first quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock worth $179,000 after buying an additional 218 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Essent Group by 0.4% in the second quarter. Riggs Asset Managment Co. Inc. now owns 57,668 shares of the financial services provider’s stock worth $2,142,000 after buying an additional 246 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

About Essent Group

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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