Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 3,850 shares of the stock in a transaction on Monday, January 11th. The stock was sold at an average price of $48.09, for a total value of $185,146.50. Following the completion of the transaction, the senior vice president now directly owns 211,412 shares of the company’s stock, valued at approximately $10,166,803.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, January 7th, Mary Lourdes Gibbons sold 5,000 shares of Essent Group stock. The shares were sold at an average price of $46.09, for a total transaction of $230,450.00.

Shares of ESNT opened at $48.17 on Thursday. The business’s 50-day moving average price is $44.81 and its 200 day moving average price is $39.81. The stock has a market capitalization of $5.42 billion, a P/E ratio of 11.28 and a beta of 1.38. Essent Group Ltd. has a 1-year low of $17.52 and a 1-year high of $52.99.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, November 6th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12. The company had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.48 million. Essent Group had a net margin of 46.59% and a return on equity of 12.97%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. Equities analysts anticipate that Essent Group Ltd. will post 3.95 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund grew its position in Essent Group by 13.2% during the 3rd quarter. New York State Common Retirement Fund now owns 236,288 shares of the financial services provider’s stock worth $8,745,000 after purchasing an additional 27,483 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Essent Group by 1.1% in the third quarter. UBS Asset Management Americas Inc. now owns 330,696 shares of the financial services provider’s stock worth $12,239,000 after buying an additional 3,718 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Essent Group during the third quarter valued at $7,893,000. Sei Investments Co. raised its position in Essent Group by 21.6% during the second quarter. Sei Investments Co. now owns 78,253 shares of the financial services provider’s stock valued at $4,040,000 after buying an additional 13,898 shares during the period. Finally, Tudor Investment Corp Et Al purchased a new stake in Essent Group in the 2nd quarter worth about $561,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on ESNT shares. JPMorgan Chase & Co. raised their target price on shares of Essent Group from $44.50 to $50.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. The Goldman Sachs Group began coverage on Essent Group in a report on Monday, September 21st. They set a “buy” rating and a $46.00 target price on the stock. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, November 23rd. BidaskClub raised Essent Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 7th. Finally, MKM Partners raised their target price on Essent Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Essent Group currently has an average rating of “Buy” and an average price target of $47.58.

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. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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