Essent Group Ltd (ESNT) Stake Boosted by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its stake in Essent Group Ltd (NYSE:ESNT) by 8.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,015,345 shares of the financial services provider’s stock after buying an additional 155,261 shares during the quarter. Macquarie Group Ltd.’s holdings in Essent Group were worth $68,885,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ESNT. Advisor Group Inc. raised its position in shares of Essent Group by 34.7% in the 4th quarter. Advisor Group Inc. now owns 1,145 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 295 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Essent Group by 170.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 800 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Essent Group in the 4th quarter worth about $47,000. Toronto Dominion Bank purchased a new position in shares of Essent Group in the 4th quarter worth about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Essent Group by 12.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,888 shares of the financial services provider’s stock worth $201,000 after buying an additional 668 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.
ESNT has been the subject of several research analyst reports. Barclays set a $52.00 price objective on Essent Group and gave the stock a “buy” rating in a report on Friday, December 14th. ValuEngine upgraded Essent Group from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Zacks Investment Research downgraded Essent Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Essent Group presently has a consensus rating of “Hold” and a consensus target price of $47.38.
NYSE ESNT opened at $43.26 on Wednesday. Essent Group Ltd has a one year low of $31.08 and a one year high of $47.94. The stock has a market capitalization of $4.19 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.82 and a beta of 1.50.
Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.15 by $0.16. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The company had revenue of $193.10 million during the quarter, compared to the consensus estimate of $189.76 million. During the same period last year, the company earned $0.79 EPS. Essent Group’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that Essent Group Ltd will post 5.22 earnings per share for the current fiscal year.
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Essent Group Company Profile
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.
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