Robeco Institutional Asset Management B.V. raised its position in Essent Group Ltd. (NYSE:ESNT) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,595,288 shares of the financial services provider’s stock after buying an additional 58,836 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.71% of Essent Group worth $59,249,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in Essent Group by 16.2% in the second quarter. Victory Capital Management Inc. now owns 1,490,964 shares of the financial services provider’s stock worth $55,375,000 after buying an additional 207,701 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in Essent Group by 9.5% in the second quarter. Virginia Retirement Systems ET AL now owns 21,900 shares of the financial services provider’s stock worth $813,000 after buying an additional 1,900 shares during the last quarter. Federated Investors Inc. PA raised its position in Essent Group by 16.5% in the second quarter. Federated Investors Inc. PA now owns 58,730 shares of the financial services provider’s stock worth $2,181,000 after buying an additional 8,326 shares during the last quarter. Groesbeck Investment Management Corp NJ raised its position in Essent Group by 36.2% in the second quarter. Groesbeck Investment Management Corp NJ now owns 7,900 shares of the financial services provider’s stock worth $293,000 after buying an additional 2,100 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Essent Group by 1,181.9% in the second quarter. BNP Paribas Arbitrage SA now owns 37,484 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 34,560 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Essent Group Ltd. (NYSE:ESNT) traded down 2.07% during midday trading on Friday, hitting $38.40. 566,128 shares of the stock were exchanged. The firm has a 50 day moving average of $38.69 and a 200-day moving average of $36.93. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 13.67 and a beta of 1.14. Essent Group Ltd. has a 12-month low of $25.72 and a 12-month high of $41.44.

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

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A number of brokerages have commented on ESNT. Keefe, Bruyette & Woods raised shares of Essent Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $44.00 in a research note on Wednesday. Barclays PLC reaffirmed a “buy” rating on shares of Essent Group in a research note on Wednesday, August 9th. Deutsche Bank AG lifted their target price on shares of Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a research note 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 target price on the stock in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Essent Group presently has a consensus rating of “Buy” and an average target price of $43.67.

In related news, VP David B. Weinstock sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $38.95, for a total value of $77,900.00. Following the completion of the sale, the vice president now owns 30,785 shares of the company’s stock, valued at approximately $1,199,075.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $36.99, for a total value of $258,930.00. Following the completion of the sale, the chief financial officer now directly owns 279,285 shares of the company’s stock, valued at approximately $10,330,752.15. The disclosure for this sale can be found here. In the last three months, insiders sold 31,918 shares of company stock valued at $1,244,860. 18.10% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Essent Group (NYSE:ESNT)

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