Bessemer Group Inc. Grows Stock Holdings in The Ensign Group, Inc. $ENSG

Bessemer Group Inc. grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 253,711 shares of the company’s stock after acquiring an additional 10,771 shares during the period. Bessemer Group Inc. owned about 0.44% of The Ensign Group worth $39,137,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of The Ensign Group by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company’s stock valued at $1,074,000 after acquiring an additional 1,564 shares during the last quarter. KBC Group NV boosted its holdings in shares of The Ensign Group by 10.7% in the 1st quarter. KBC Group NV now owns 2,506 shares of the company’s stock valued at $324,000 after acquiring an additional 243 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in The Ensign Group by 0.8% during the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company’s stock worth $4,727,000 after buying an additional 300 shares in the last quarter. Inspire Investing LLC purchased a new stake in The Ensign Group during the first quarter worth $2,205,000. Finally, Intech Investment Management LLC boosted its holdings in The Ensign Group by 16.5% during the first quarter. Intech Investment Management LLC now owns 27,485 shares of the company’s stock worth $3,557,000 after buying an additional 3,894 shares in the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ENSG. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Stephens increased their price target on shares of The Ensign Group from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. UBS Group increased their price target on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Truist Financial set a $190.00 price target on shares of The Ensign Group in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average price target of $180.25.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $186.50 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average of $173.48 and a two-hundred day moving average of $154.97. The stock has a market capitalization of $10.76 billion, a PE ratio of 33.85, a P/E/G ratio of 2.13 and a beta of 0.93. The Ensign Group, Inc. has a fifty-two week low of $118.73 and a fifty-two week high of $188.25.

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s dividend payout ratio is currently 4.54%.

Insiders Place Their Bets

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the transaction, the director directly owned 27,052 shares in the company, valued at approximately $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.