Essent Group Ltd (NYSE:ESNT) SVP Vijay Bhasin sold 40,887 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $55.05, for a total transaction of $2,250,829.35. Following the sale, the senior vice president now owns 164,396 shares of the company’s stock, valued at approximately $9,049,999.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of ESNT stock traded down $0.26 on Monday, hitting $54.39. The stock had a trading volume of 727,106 shares, compared to its average volume of 563,580. Essent Group Ltd has a twelve month low of $31.08 and a twelve month high of $55.84. The firm has a market cap of $5.38 billion, a P/E ratio of 11.21, a PEG ratio of 0.97 and a beta of 1.22. The company has a fifty day moving average price of $52.79 and a two-hundred day moving average price of $49.08.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Essent Group had a net margin of 64.58% and a return on equity of 20.86%. The company had revenue of $226.39 million during the quarter, compared to analyst estimates of $216.35 million. During the same quarter in the previous year, the business earned $1.18 EPS. The firm’s revenue was up 22.4% on a year-over-year basis. Research analysts expect that Essent Group Ltd will post 5.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, December 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 3rd. Essent Group’s dividend payout ratio (DPR) is 12.37%.

Hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Essent Group in the 2nd quarter valued at $36,000. Financial Advantage Inc. acquired a new position in shares of Essent Group in the 3rd quarter valued at $40,000. Gradient Investments LLC acquired a new position in shares of Essent Group in the 3rd quarter valued at $48,000. NEXT Financial Group Inc grew its holdings in shares of Essent Group by 96.0% in the 2nd quarter. NEXT Financial Group Inc now owns 1,470 shares of the financial services provider’s stock valued at $69,000 after buying an additional 720 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of Essent Group by 23.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,704 shares of the financial services provider’s stock valued at $76,000 after buying an additional 328 shares during the period. 91.19% of the stock is owned by institutional investors.

ESNT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, October 23rd. ValuEngine upgraded shares of Essent Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, BTIG Research reiterated a “buy” rating and set a $54.00 target price on shares of Essent Group in a research report on Sunday, August 4th.

Essent Group Company Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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