Essent Group Ltd (NYSE:ESNT) SVP Mary Lourdes Gibbons Sells 2,381 Shares

Essent Group Ltd (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 2,381 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $53.01, for a total value of $126,216.81. Following the completion of the transaction, the senior vice president now directly owns 212,785 shares of the company’s stock, valued at $11,279,732.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE ESNT traded down $0.09 on Thursday, reaching $52.48. The stock had a trading volume of 289,667 shares, compared to its average volume of 578,724. Essent Group Ltd has a 12-month low of $31.08 and a 12-month high of $53.16. The business’s 50-day moving average price is $49.04 and its 200 day moving average price is $47.73. The stock has a market cap of $5.17 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, August 2nd. The financial services provider reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.09. Essent Group had a return on equity of 21.05% and a net margin of 64.34%. The company had revenue of $211.89 million during the quarter. On average, equities research analysts anticipate that Essent Group Ltd will post 5.48 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its stake in shares of Essent Group by 23.8% during the second quarter. Toronto Dominion Bank now owns 1,704 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 328 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Essent Group by 0.8% during the second quarter. Royal Bank of Canada now owns 45,351 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 342 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Essent Group by 14.9% during the second quarter. Advisor Group Inc. now owns 2,726 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 354 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Essent Group by 10.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,437 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 587 shares during the last quarter. Finally, Zebra Capital Management LLC raised its stake in shares of Essent Group by 15.4% during the second quarter. Zebra Capital Management LLC now owns 5,385 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 717 shares during the last quarter. Institutional investors own 91.93% of the company’s stock.

ESNT has been the subject of a number of research reports. BTIG Research reiterated a “buy” rating and issued a $54.00 price objective on shares of Essent Group in a research note on Sunday, August 4th. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Wednesday. Finally, ValuEngine upgraded Essent Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.50.

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

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