Essent Group Ltd (NYSE:ESNT) SVP Sells $2,250,829.35 in Stock

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

ESNT stock opened at $54.39 on Tuesday. Essent Group Ltd has a 1 year low of $31.08 and a 1 year high of $55.84. The firm has a market cap of $5.38 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.97 and a beta of 1.22. The stock has a 50-day simple moving average of $52.79 and a 200-day simple moving average of $49.08.

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

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

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in shares of Essent Group by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 16,985 shares of the financial services provider’s stock valued at $810,000 after buying an additional 340 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Essent Group by 35.0% in the second quarter. GHP Investment Advisors Inc. now owns 57,672 shares of the financial services provider’s stock valued at $2,710,000 after buying an additional 14,940 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Essent Group by 10.2% in the second quarter. Alberta Investment Management Corp now owns 87,700 shares of the financial services provider’s stock valued at $4,121,000 after buying an additional 8,100 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of Essent Group by 3.2% in the third quarter. Eqis Capital Management Inc. now owns 6,266 shares of the financial services provider’s stock valued at $299,000 after buying an additional 194 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Essent Group by 1.7% in the second quarter. BlackRock Inc. now owns 7,962,417 shares of the financial services provider’s stock valued at $374,154,000 after buying an additional 133,818 shares in the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

Several brokerages have commented on ESNT. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, October 23rd. ValuEngine upgraded Essent Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 24th.

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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