Essent Group Ltd. (NYSE:ESNT – Get Free Report) SVP Vijay Bhasin sold 14,175 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $70.00, for a total value of $992,250.00. Following the transaction, the senior vice president owned 184,274 shares in the company, valued at $12,899,180. This trade represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vijay Bhasin also recently made the following trade(s):
- On Friday, August 7th, Vijay Bhasin sold 483 shares of Essent Group stock. The shares were sold at an average price of $70.00, for a total value of $33,810.00.
Essent Group Trading Up 0.4%
Shares of NYSE ESNT traded up $0.25 on Tuesday, reaching $69.68. 668,187 shares of the company traded hands, compared to its average volume of 735,320. The stock has a market capitalization of $6.26 billion, a PE ratio of 9.72, a P/E/G ratio of 1.79 and a beta of 0.76. Essent Group Ltd. has a fifty-two week low of $55.34 and a fifty-two week high of $70.37. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $64.21 and a 200 day moving average of $61.86.
Essent Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. Essent Group’s payout ratio is currently 19.53%.
Wall Street Analyst Weigh In
ESNT has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Essent Group from $68.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Weiss Ratings upgraded Essent Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods raised their price objective on Essent Group from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Barclays lifted their price objective on Essent Group from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Finally, Roth Capital increased their target price on shares of Essent Group from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.86.
Check Out Our Latest Report on Essent Group
Institutional Trading of Essent Group
Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of Essent Group by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,238 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 172 shares in the last quarter. Natixis Advisors LLC grew its holdings in Essent Group by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 16,584 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 204 shares in the last quarter. Clearstead Advisors LLC increased its stake in Essent Group by 26.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,162 shares of the financial services provider’s stock worth $76,000 after buying an additional 243 shares during the period. Trexquant Investment LP lifted its holdings in Essent Group by 0.7% in the 4th quarter. Trexquant Investment LP now owns 38,436 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 255 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Essent Group by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 21,801 shares of the financial services provider’s stock worth $1,324,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.
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.
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