Essent Group Ltd (ESNT) Director Andrew Turnbull Sells 5,000 Shares of Stock
Essent Group Ltd (NYSE:ESNT) Director Andrew Turnbull sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the director now directly owns 24,596 shares of the company’s stock, valued at approximately $1,131,416. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Andrew Turnbull also recently made the following trade(s):
- On Monday, December 4th, Andrew Turnbull sold 15,813 shares of Essent Group stock. The shares were sold at an average price of $45.62, for a total value of $721,389.06.
- On Friday, December 1st, Andrew Turnbull sold 10,000 shares of Essent Group stock. The shares were sold at an average price of $45.00, for a total value of $450,000.00.
Essent Group Ltd (NYSE:ESNT) traded up $0.84 during trading hours on Friday, hitting $46.56. The company had a trading volume of 856,297 shares, compared to its average volume of 814,401. The stock has a market capitalization of $4,500.41, a P/E ratio of 15.29, a P/E/G ratio of 1.49 and a beta of 1.15. Essent Group Ltd has a 12 month low of $31.33 and a 12 month high of $46.61.
Essent Group (NYSE:ESNT) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $150.20 million for the quarter, compared to the consensus estimate of $143.79 million. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. research analysts anticipate that Essent Group Ltd will post 3.08 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fortaleza Asset Management Inc. bought a new stake in Essent Group during the third quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Essent Group by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 288 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Essent Group during the second quarter worth approximately $208,000. Nine Chapters Capital Management LLC bought a new stake in Essent Group during the third quarter worth approximately $219,000. Finally, GSA Capital Partners LLP bought a new stake in Essent Group during the second quarter worth approximately $243,000. 85.83% of the stock is currently owned by institutional investors.
ESNT has been the subject of several recent research reports. Deutsche Bank boosted their price target on Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, September 8th. BTIG Research raised Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, September 12th. BidaskClub upgraded Essent Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $44.00 price objective on shares of Essent Group in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.78.
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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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