Essent Group Ltd (NYSE:ESNT) SVP Vijay Bhasin sold 41,007 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.32, for a total value of $1,776,423.24. Following the completion of the transaction, the senior vice president now owns 239,617 shares of the company’s stock, valued at approximately $10,380,208.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE:ESNT opened at $44.22 on Friday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.83 and a beta of 1.50. Essent Group Ltd has a 12-month low of $31.08 and a 12-month high of $45.60.

Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. The business had revenue of $193.10 million during the quarter, compared to analysts’ expectations of $189.76 million. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, equities research analysts forecast that Essent Group Ltd will post 5.22 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, January 17th. ValuEngine upgraded Essent Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Barclays set a $52.00 target price on Essent Group and gave the company a “buy” rating in a research note on Friday, December 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Essent Group currently has a consensus rating of “Hold” and a consensus price target of $47.38.

Large investors have recently made changes to their positions in the business. Bayview Asset Management LLC purchased a new position in Essent Group during the fourth quarter valued at $7,758,000. Legal & General Group Plc raised its stake in Essent Group by 8.0% during the third quarter. Legal & General Group Plc now owns 33,828 shares of the financial services provider’s stock valued at $1,497,000 after buying an additional 2,520 shares during the last quarter. First Mercantile Trust Co. raised its stake in Essent Group by 18.2% during the third quarter. First Mercantile Trust Co. now owns 9,595 shares of the financial services provider’s stock valued at $424,000 after buying an additional 1,480 shares during the last quarter. Capital International Investors purchased a new position in Essent Group during the third quarter valued at $4,204,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Essent Group by 408.0% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 63,500 shares of the financial services provider’s stock valued at $2,810,000 after buying an additional 51,000 shares during the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.

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

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