Bamco Inc. NY lifted its holdings in shares of Essent Group Ltd (NYSE:ESNT) by 26.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 754,174 shares of the financial services provider’s stock after purchasing an additional 157,000 shares during the period. Bamco Inc. NY owned 0.77% of Essent Group worth $30,544,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Essent Group by 9.1% in 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 acquiring an additional 655,163 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Essent Group by 18.7% in 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 acquiring an additional 592,824 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Essent Group by 57.7% in 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 acquiring an additional 860,300 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Essent Group by 3.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,595,288 shares of the financial services provider’s stock valued at $59,249,000 after acquiring an additional 58,836 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Essent Group by 25.1% in the second quarter. Capital World Investors now owns 1,419,000 shares of the financial services provider’s stock valued at $52,702,000 after acquiring an additional 285,000 shares during the last quarter. Institutional investors own 85.83% of the company’s stock.

Several research firms recently issued reports on ESNT. ValuEngine cut Essent Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Wells Fargo & Company assumed coverage on Essent Group in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 target price on the stock. Zacks Investment Research raised Essent Group from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Barclays increased their target price on Essent Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Finally, Deutsche Bank lowered Essent Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.78.

Essent Group Ltd (NYSE:ESNT) opened at $46.44 on Wednesday. Essent Group Ltd has a one year low of $31.33 and a one year high of $47.29. The firm has a market capitalization of $4,602.78, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15.

Essent Group (NYSE:ESNT) last released its earnings results 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. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $143.79 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. equities research analysts anticipate that Essent Group Ltd will post 3.08 earnings per share for the current fiscal year.

In other news, Director Andrew Turnbull sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the director now owns 24,596 shares of the company’s stock, valued at $1,131,416. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $45.01, for a total value of $315,070.00. Following the sale, 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. Insiders sold 55,858 shares of company stock worth $2,491,864 in the last three months. Insiders own 18.10% of the company’s stock.

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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.

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

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