Teacher Retirement System of Texas purchased a new position in Essent Group Ltd. (NYSE:ESNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,605 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of the company. Sei Investments Co. increased its position in Essent Group by 2.6% in the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after buying an additional 74 shares during the period. US Bancorp DE increased its position in Essent Group by 4.6% in the first quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock worth $179,000 after buying an additional 218 shares during the period. Riggs Asset Managment Co. Inc. increased its position in Essent Group by 0.4% in the second quarter. Riggs Asset Managment Co. Inc. now owns 57,668 shares of the financial services provider’s stock worth $2,142,000 after buying an additional 246 shares during the period. BNP Paribas Arbitrage SA increased its position in Essent Group by 14.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after buying an additional 360 shares during the period. Finally, Strs Ohio increased its position in Essent Group by 1.3% in the second quarter. Strs Ohio now owns 37,900 shares of the financial services provider’s stock worth $1,407,000 after buying an additional 500 shares during the period. 81.46% of the stock is currently owned by institutional investors and hedge funds.

Essent Group Ltd. (NYSE ESNT) opened at 37.31 on Wednesday. Essent Group Ltd. has a 52-week low of $25.72 and a 52-week high of $41.44. The firm’s 50-day moving average is $38.69 and its 200 day moving average is $36.93. The firm has a market capitalization of $3.49 billion, a P/E ratio of 13.28 and a beta of 1.14.

Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The firm had revenue of $137.61 million for the quarter, compared to analyst estimates of $131.99 million. During the same period last year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. Equities analysts anticipate that Essent Group Ltd. will post $3.07 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. Barclays PLC upped their price target on shares of Essent Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, May 15th. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, July 10th. BidaskClub downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price target on shares of Essent Group in a research note on Tuesday, May 30th. Finally, ValuEngine raised shares of Essent Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Essent Group currently has an average rating of “Buy” and a consensus target price of $43.67.

In other news, VP David B. Weinstock sold 2,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $38.51, for a total value of $77,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $36.99, for a total transaction of $258,930.00. Following the completion of the sale, the chief financial officer now owns 279,285 shares of the company’s stock, valued at approximately $10,330,752.15. The disclosure for this sale can be found here. Insiders sold 31,918 shares of company stock worth $1,244,860 over the last ninety days. Insiders own 18.10% of the company’s stock.

About Essent Group

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

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

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