California Public Employees Retirement System raised its position in Essent Group Ltd. (NYSE:ESNT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,942 shares of the financial services provider’s stock after purchasing an additional 13,213 shares during the period. California Public Employees Retirement System owned approximately 0.23% of Essent Group worth $9,768,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Essent Group by 43.2% during the second quarter. Nisa Investment Advisors LLC now owns 1,045 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 315 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Essent Group by 142.1% in the 3rd quarter. Harbor Investment Advisory LLC now owns 1,070 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 628 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Essent Group by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 408 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Essent Group by 83.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,309 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 2,410 shares in the last quarter. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Essent Group in the 2nd quarter valued at approximately $229,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

ESNT opened at $45.02 on Friday. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 9.72 and a beta of 1.42. The firm’s fifty day moving average price is $42.10 and its two-hundred day moving average price is $36.57. Essent Group Ltd. has a 1 year low of $17.52 and a 1 year high of $55.84.

Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, November 6th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The firm had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.48 million. Essent Group had a net margin of 49.62% and a return on equity of 14.53%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. As a group, sell-side analysts forecast that Essent Group Ltd. will post 3.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, November 30th. Essent Group’s dividend payout ratio is 11.31%.

ESNT has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Essent Group from $44.50 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, November 9th. TheStreet upgraded shares of Essent Group from a “c+” rating to a “b-” rating in a research report on Monday, November 2nd. The Goldman Sachs Group initiated coverage on shares of Essent Group in a research report on Monday, September 21st. They set a “buy” rating and a $46.00 target price on the stock. ValuEngine upgraded shares of Essent Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Royal Bank of Canada lifted their target price on shares of Essent Group from $39.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.33.

About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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

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