Essent Group Ltd (ESNT) CFO Lawrence E. Mcalee, Jr. Sells 200 Shares
Essent Group Ltd (NYSE:ESNT) CFO Lawrence E. Mcalee, Jr. sold 200 shares of Essent Group stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $50.08, for a total transaction of $10,016.00. Following the completion of the sale, the chief financial officer now owns 247,055 shares of the company’s stock, valued at $12,372,514.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Essent Group Ltd (ESNT) opened at $47.76 on Friday. Essent Group Ltd has a one year low of $33.45 and a one year high of $50.08. The firm has a market cap of $4,700.00, a price-to-earnings ratio of 16.03, a PEG ratio of 1.22 and a beta of 1.15.
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, topping the Zacks’ consensus estimate of $0.75 by $0.07. The business had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. Essent Group’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. equities research analysts forecast that Essent Group Ltd will post 3.07 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Fortaleza Asset Management Inc. acquired a new position in Essent Group during the 3rd quarter valued at $112,000. Nine Chapters Capital Management LLC acquired a new position in Essent Group during the 3rd quarter valued at $219,000. GSA Capital Partners LLP acquired a new position in Essent Group during the 2nd quarter valued at $243,000. Ameritas Investment Partners Inc. raised its stake in Essent Group by 5.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 330 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Essent Group by 23.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,904 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 1,299 shares during the last quarter. Hedge funds and other institutional investors own 85.95% of the company’s stock.
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Essent Group Company Profile
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.
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