Raymond James Financial Services Advisors Inc. grew its holdings in Essent Group Ltd. (NYSE:ESNT) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,066 shares of the financial services provider’s stock after acquiring an additional 20,787 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.10% of Essent Group worth $3,419,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Essent Group by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock worth $290,695,000 after buying an additional 655,163 shares in the last quarter. BlackRock Inc. boosted its holdings in Essent Group by 6,828.8% during the first quarter. BlackRock Inc. now owns 5,844,752 shares of the financial services provider’s stock worth $211,403,000 after buying an additional 5,760,398 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Essent Group by 18.7% during the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock worth $139,494,000 after buying an additional 592,824 shares in the last quarter. State Street Corp boosted its holdings in Essent Group by 16.6% during the first quarter. State Street Corp now owns 2,493,815 shares of the financial services provider’s stock worth $90,204,000 after buying an additional 355,289 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Essent Group by 3.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,595,288 shares of the financial services provider’s stock worth $59,249,000 after buying an additional 58,836 shares in the last quarter. 81.40% of the stock is currently owned by institutional investors and hedge funds.

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In other news, SVP Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.01, for a total transaction of $184,046.00. Following the completion of the transaction, the senior vice president now owns 267,502 shares of the company’s stock, valued at approximately $10,702,755.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lawrence E. Mcalee, Jr. sold 3,118 shares of Essent Group stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.00, for a total value of $124,720.00. Following the transaction, the chief financial officer now directly owns 272,167 shares of the company’s stock, valued at approximately $10,886,680. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $668,597 over the last 90 days. Insiders own 18.10% of the company’s stock.

A number of analysts recently issued reports on ESNT shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $44.00 price target on shares of Essent Group in a report on Thursday. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC reissued a “buy” rating on shares of Essent Group in a report on Wednesday, August 9th. Finally, Deutsche Bank AG increased their price target on shares of Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.75.

Essent Group Ltd. (ESNT) opened at 41.60 on Monday. The firm has a market capitalization of $3.89 billion, a PE ratio of 14.80 and a beta of 1.14. Essent Group Ltd. has a 52-week low of $25.84 and a 52-week high of $41.72. The firm’s 50-day moving average is $39.18 and its 200-day moving average is $37.86.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The company 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 business’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. On average, analysts anticipate that Essent Group Ltd. will post $3.05 earnings per share for the current year.

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.

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

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