Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $41.04, for a total transaction of $188,784.00. Following the sale, the senior vice president now owns 262,902 shares in the company, valued at $10,789,498.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mary Lourdes Gibbons also recently made the following trade(s):

  • On Friday, August 4th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $40.01, for a total transaction of $184,046.00.
  • On Tuesday, July 18th, Mary Lourdes Gibbons sold 393 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total transaction of $15,327.00.
  • On Monday, July 17th, Mary Lourdes Gibbons sold 4,207 shares of Essent Group stock. The shares were sold at an average price of $39.00, for a total transaction of $164,073.00.

Shares of Essent Group Ltd. (ESNT) traded down 1.01% during midday trading on Wednesday, reaching $39.04. 1,355,893 shares of the company’s stock traded hands. Essent Group Ltd. has a 52-week low of $25.42 and a 52-week high of $40.12. The firm has a market capitalization of $3.65 billion, a P/E ratio of 14.96 and a beta of 1.14. The stock’s 50 day moving average price is $37.89 and its 200 day moving average price is $36.43.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. Essent Group had a return on equity of 19.26% and a net margin of 50.92%. The firm had revenue of $137.61 million for the quarter, compared to analyst estimates of $131.99 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. On average, equities research analysts anticipate that Essent Group Ltd. will post $3.08 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in ESNT. Los Angeles Capital Management & Equity Research Inc. raised its position in Essent Group by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,746 shares of the financial services provider’s stock valued at $845,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. raised its position in Essent Group by 58.5% in the second quarter. JPMorgan Chase & Co. now owns 296,934 shares of the financial services provider’s stock valued at $11,029,000 after buying an additional 109,571 shares during the last quarter. Cim LLC raised its position in Essent Group by 52.4% in the second quarter. Cim LLC now owns 26,070 shares of the financial services provider’s stock valued at $968,000 after buying an additional 8,960 shares during the last quarter. Cipher Capital LP raised its position in Essent Group by 40.4% in the second quarter. Cipher Capital LP now owns 57,084 shares of the financial services provider’s stock valued at $2,120,000 after buying an additional 16,412 shares during the last quarter. Finally, Swiss National Bank raised its position in Essent Group by 8.5% in the second quarter. Swiss National Bank now owns 116,700 shares of the financial services provider’s stock valued at $4,334,000 after buying an additional 9,100 shares during the last quarter. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday, July 10th. J P Morgan Chase & Co cut shares of Essent Group from an “overweight” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Friday, April 21st. ValuEngine upgraded shares of Essent Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Barclays PLC boosted their price target on shares of Essent Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, May 15th. Finally, BidaskClub cut shares of Essent Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $43.50.

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.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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