Essent Group Ltd (NYSE:ESNT) SVP Jeff Cashmer sold 25,000 shares of Essent Group stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $40.06, for a total transaction of $1,001,500.00. Following the sale, the senior vice president now directly owns 143,395 shares in the company, valued at approximately $5,744,403.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ESNT opened at $39.81 on Friday. The stock has a market capitalization of $3.98 billion, a PE ratio of 10.45, a P/E/G ratio of 0.89 and a beta of 1.26. Essent Group Ltd has a 1-year low of $32.73 and a 1-year high of $50.08.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 3rd. The financial services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.08. The company had revenue of $173.77 million during the quarter, compared to the consensus estimate of $174.06 million. Essent Group had a net margin of 71.08% and a return on equity of 19.37%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, equities research analysts forecast that Essent Group Ltd will post 4.54 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim LLC boosted its holdings in shares of Essent Group by 14.1% in the 2nd quarter. Cim LLC now owns 12,475 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,540 shares during the period. LPL Financial LLC boosted its holdings in shares of Essent Group by 35.9% in the 1st quarter. LPL Financial LLC now owns 6,994 shares of the financial services provider’s stock valued at $298,000 after buying an additional 1,847 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Essent Group by 20.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,081 shares of the financial services provider’s stock valued at $469,000 after buying an additional 2,200 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of Essent Group by 12.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 22,004 shares of the financial services provider’s stock valued at $788,000 after buying an additional 2,406 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Essent Group by 38.4% in the 1st quarter. Jane Street Group LLC now owns 10,382 shares of the financial services provider’s stock valued at $442,000 after buying an additional 2,880 shares during the period. 90.10% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on ESNT shares. ValuEngine raised shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Essent Group from $51.00 to $40.00 and set a “$38.36” rating on the stock in a research note on Monday, July 23rd. MKM Partners dropped their price target on shares of Essent Group to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 6th. Finally, Susquehanna Bancshares boosted their target price on shares of Essent Group from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.98.

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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