8,430 Shares in Essent Group Ltd. $ESNT Bought by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new position in shares of Essent Group Ltd. (NYSE:ESNT) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 8,430 shares of the financial services provider’s stock, valued at approximately $536,000.

Several other large investors have also modified their holdings of ESNT. Norges Bank acquired a new position in Essent Group in the 2nd quarter valued at $75,596,000. AQR Capital Management LLC boosted its holdings in Essent Group by 78.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,517,859 shares of the financial services provider’s stock valued at $92,180,000 after purchasing an additional 669,577 shares in the last quarter. Cooke & Bieler LP increased its position in Essent Group by 19.6% during the 3rd quarter. Cooke & Bieler LP now owns 1,938,688 shares of the financial services provider’s stock worth $123,223,000 after purchasing an additional 318,318 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Essent Group by 152.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 455,819 shares of the financial services provider’s stock worth $27,682,000 after buying an additional 275,149 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Essent Group by 184.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 343,101 shares of the financial services provider’s stock valued at $20,837,000 after buying an additional 222,613 shares during the period. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Analyst Ratings Changes

ESNT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on Essent Group from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Roth Mkm upped their price target on shares of Essent Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Barclays cut their price target on shares of Essent Group from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Essent Group from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Essent Group in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.29.

Essent Group Price Performance

Shares of NYSE ESNT opened at $63.96 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $63.56 and its 200 day moving average price is $62.19. Essent Group Ltd. has a 52 week low of $51.61 and a 52 week high of $67.09. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 4.14 and a beta of 0.90.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, November 7th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The business had revenue of $311.83 million for the quarter, compared to analyst estimates of $316.84 million. Essent Group had a return on equity of 12.40% and a net margin of 55.63%.The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. As a group, research analysts forecast that Essent Group Ltd. will post 6.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Roy James Kasmar sold 3,250 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $61.44, for a total value of $199,680.00. Following the completion of the transaction, the director directly owned 23,573 shares of the company’s stock, valued at $1,448,325.12. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mary Lourdes Gibbons sold 4,352 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $67.00, for a total value of $291,584.00. Following the completion of the sale, the senior vice president owned 237,896 shares in the company, valued at $15,939,032. This represents a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.40% of the stock is currently owned by corporate insiders.

Essent Group Company Profile

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.