California Public Employees Retirement System grew its holdings in shares of Essent Group Ltd (NYSE:ESNT) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,669 shares of the financial services provider’s stock after purchasing an additional 17,869 shares during the period. California Public Employees Retirement System owned approximately 0.14% of Essent Group worth $5,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ESNT. Victory Capital Management Inc. lifted its stake in Essent Group by 57.7% during the third quarter. Victory Capital Management Inc. now owns 2,351,264 shares of the financial services provider’s stock valued at $95,226,000 after buying an additional 860,300 shares in the last quarter. Vanguard Group Inc. lifted its stake in Essent Group by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock valued at $290,695,000 after buying an additional 655,163 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Essent Group by 18.7% during the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock valued at $139,494,000 after buying an additional 592,824 shares in the last quarter. Koch Industries Inc. purchased a new stake in Essent Group during the second quarter valued at about $395,000. Finally, Wells Fargo & Company MN lifted its stake in Essent Group by 58.5% during the third quarter. Wells Fargo & Company MN now owns 1,052,044 shares of the financial services provider’s stock valued at $42,607,000 after buying an additional 388,455 shares in the last quarter. Institutional investors own 85.83% of the company’s stock.

In related news, Director Robert Glanville sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.88, for a total transaction of $134,640.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $45.01, for a total transaction of $315,070.00. Following the transaction, the chief financial officer now directly owns 265,167 shares in the company, valued at approximately $11,935,166.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,858 shares of company stock worth $2,414,044. Insiders own 18.10% of the company’s stock.

Shares of Essent Group Ltd (NYSE ESNT) opened at $44.83 on Friday. The stock has a market cap of $4,410.00, a P/E ratio of 15.04, a PEG ratio of 1.17 and a beta of 1.15. Essent Group Ltd has a 52-week low of $31.54 and a 52-week high of $47.29.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. sell-side analysts anticipate that Essent Group Ltd will post 3.08 EPS for the current fiscal year.

A number of research firms have recently issued reports on ESNT. Zacks Investment Research lowered shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Compass Point reissued a “buy” rating and issued a $50.00 price target (up from $38.00) on shares of Essent Group in a research report on Wednesday, October 11th. Royal Bank of Canada began coverage on shares of Essent Group in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 price target for the company. BidaskClub raised shares of Essent Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Co began coverage on shares of Essent Group in a research report on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $48.20.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Boosts Stake in Essent Group Ltd (ESNT)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/california-public-employees-retirement-system-boosts-stake-in-essent-group-ltd-esnt/1796711.html.

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.

Want to see what other hedge funds are holding ESNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essent Group Ltd (NYSE:ESNT).

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

Receive News & Ratings for Essent Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group and related companies with MarketBeat.com's FREE daily email newsletter.