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.

In other Essent Group news, SVP Jeff Cashmer sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $37.38, for a total transaction of $934,500.00. Following the completion of the sale, the senior vice president now directly owns 118,395 shares in the company, valued at approximately $4,425,605.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Vijay Bhasin sold 45,315 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $44.50, for a total value of $2,016,517.50. Following the sale, the senior vice president now owns 194,302 shares of the company’s stock, valued at $8,646,439. The disclosure for this sale can be found here. Insiders sold a total of 139,322 shares of company stock valued at $5,959,631 over the last quarter. 3.00% of the stock is owned by corporate insiders.

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.

ILLEGAL ACTIVITY NOTICE: “Essent Group Ltd (ESNT) Stake Boosted by Macquarie Group Ltd.” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.watchlistnews.com/essent-group-ltd-esnt-stake-boosted-by-macquarie-group-ltd/2921743.html.

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.

Further Reading: Should you buy a closed-end mutual fund?

Want to see what other hedge funds are holding ESNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essent Group Ltd (NYSE:ESNT).

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

Receive News & Ratings for Essent Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group and related companies with MarketBeat.com's FREE daily email newsletter.