The Ensign Group (NASDAQ:ENSG) Director Sells $26,033.26 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John Agwunobi sold 146 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $178.31, for a total transaction of $26,033.26. Following the transaction, the director owned 9,087 shares in the company, valued at approximately $1,620,302.97. The trade was a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The Ensign Group Price Performance

The Ensign Group stock opened at $175.46 on Friday. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $193.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50 day moving average price of $178.42 and a 200 day moving average price of $171.40. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.82 and a beta of 0.86.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.39 EPS. The Ensign Group’s revenue for the quarter was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Sell-side analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, December 31st. The Ensign Group’s payout ratio is currently 4.65%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $206.00 price target (up from $177.00) on shares of The Ensign Group in a research report on Friday, November 14th. Stephens boosted their price objective on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Truist Financial raised their target price on shares of The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Finally, UBS Group reaffirmed a “buy” rating and set a $220.00 price target (up from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $196.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENSG. CWM LLC grew its holdings in The Ensign Group by 8.4% during the 3rd quarter. CWM LLC now owns 732 shares of the company’s stock valued at $126,000 after purchasing an additional 57 shares in the last quarter. Profund Advisors LLC boosted its position in The Ensign Group by 2.5% in the 3rd quarter. Profund Advisors LLC now owns 2,378 shares of the company’s stock valued at $411,000 after buying an additional 59 shares during the last quarter. UMB Bank n.a. grew its stake in shares of The Ensign Group by 7.3% during the third quarter. UMB Bank n.a. now owns 911 shares of the company’s stock valued at $157,000 after acquiring an additional 62 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of The Ensign Group by 6.4% during the second quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock worth $184,000 after acquiring an additional 72 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of The Ensign Group by 4.1% in the third quarter. HB Wealth Management LLC now owns 1,810 shares of the company’s stock worth $313,000 after acquiring an additional 72 shares in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

About The Ensign Group

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.