JPMorgan Chase & Co. boosted its stake in shares of Essent Group Ltd. (NYSE:ESNT) by 58.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 296,934 shares of the financial services provider’s stock after acquiring an additional 109,571 shares during the period. JPMorgan Chase & Co. owned 0.32% of Essent Group worth $11,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Essent Group by 2.6% in the 1st 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 in the last quarter. US Bancorp DE grew its stake in shares of Essent Group by 4.6% in the 1st 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 in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Essent Group by 0.4% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Essent Group by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after buying an additional 288 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Essent Group by 14.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after buying an additional 360 shares in the last quarter. 81.40% of the stock is owned by institutional investors.

In other news, VP David B. Weinstock sold 2,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $38.91, for a total transaction of $77,820.00. Following the completion of the sale, the vice president now owns 28,785 shares of the company’s stock, valued at $1,120,024.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary Lourdes Gibbons sold 4,207 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $39.00, for a total transaction of $164,073.00. Following the sale, the senior vice president now directly owns 275,495 shares of the company’s stock, valued at approximately $10,744,305. The disclosure for this sale can be found here. Insiders have sold 33,918 shares of company stock valued at $1,322,680 in the last ninety days. Insiders own 18.10% of the company’s stock.

A number of brokerages have commented on ESNT. 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 note on Tuesday, August 8th. Barclays PLC lifted their price objective on shares of Essent Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $43.00 price objective on shares of Essent Group and gave the stock a “hold” rating in a research note on Monday, August 7th. BidaskClub raised shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Finally, Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Monday, July 10th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Essent Group has an average rating of “Buy” and an average price target of $43.43.

Shares of Essent Group Ltd. (NYSE:ESNT) opened at 40.25 on Thursday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 14.32 and a beta of 1.14. Essent Group Ltd. has a 12-month low of $25.84 and a 12-month high of $41.44. The stock has a 50 day moving average of $38.53 and a 200 day moving average of $37.26.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The business had revenue of $137.61 million during the quarter, compared to analyst estimates of $131.99 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. Equities research analysts predict that Essent Group Ltd. will post $3.06 earnings per share for the current fiscal year.

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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.

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

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