Odyssean LLC Acquires 25,762 Shares of Essent Group Ltd. $ESNT

Odyssean LLC boosted its holdings in shares of Essent Group Ltd. (NYSE:ESNTFree Report) by 102.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,922 shares of the financial services provider’s stock after acquiring an additional 25,762 shares during the quarter. Essent Group accounts for 0.5% of Odyssean LLC’s portfolio, making the stock its 18th biggest holding. Odyssean LLC owned about 0.06% of Essent Group worth $3,273,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Essent Group in the third quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Essent Group during the third quarter worth $27,000. Los Angeles Capital Management LLC purchased a new stake in shares of Essent Group during the fourth quarter valued at $27,000. Allworth Financial LP purchased a new stake in shares of Essent Group during the second quarter valued at $31,000. Finally, IFP Advisors Inc grew its holdings in shares of Essent Group by 97.1% in the fourth quarter. IFP Advisors Inc now owns 676 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 93.00% of the company’s stock.

Essent Group Stock Performance

ESNT stock opened at $69.09 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average price of $65.46 and a 200 day moving average price of $62.10. The company has a market capitalization of $6.21 billion, a P/E ratio of 9.64, a PEG ratio of 1.72 and a beta of 0.76. Essent Group Ltd. has a 1-year low of $55.34 and a 1-year high of $70.37.

Essent Group (NYSE:ESNTGet Free Report) last issued its earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. The company had revenue of $362.69 million for the quarter. Essent Group had a net margin of 51.45% and a return on equity of 11.91%. As a group, equities research analysts forecast that Essent Group Ltd. will post 7.6 EPS for the current fiscal year.

Essent Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Essent Group’s dividend payout ratio is presently 19.53%.

Wall Street Analyst Weigh In

ESNT has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Essent Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of Essent Group from $65.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Roth Capital raised 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. Keefe, Bruyette & Woods lifted their price target on shares of Essent Group from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded Essent Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.86.

Read Our Latest Report on ESNT

Insider Buying and Selling at Essent Group

In other Essent Group news, Director Douglas J. Pauls sold 2,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.70, for a total transaction of $174,250.00. Following the completion of the sale, the director owned 30,154 shares in the company, valued at $2,101,733.80. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vijay Bhasin sold 14,175 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $70.00, for a total value of $992,250.00. Following the sale, the senior vice president directly owned 184,274 shares in the company, valued at $12,899,180. This trade represents a 7.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 98,848 shares of company stock worth $6,726,789 over the last quarter. 3.60% of the stock is currently owned by company insiders.

About Essent Group

(Free Report)

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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Institutional Ownership by Quarter for Essent Group (NYSE:ESNT)

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