Swiss National Bank Sells 1,300 Shares of The Ensign Group, Inc. $ENSG

Swiss National Bank reduced its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 109,700 shares of the company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned approximately 0.19% of The Ensign Group worth $16,922,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of The Ensign Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,437,285 shares of the company’s stock worth $221,741,000 after purchasing an additional 20,229 shares during the last quarter. Northern Trust Corp lifted its holdings in The Ensign Group by 0.4% during the 1st quarter. Northern Trust Corp now owns 941,274 shares of the company’s stock worth $121,801,000 after buying an additional 3,344 shares during the period. Wellington Management Group LLP grew its position in shares of The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock valued at $88,464,000 after buying an additional 102,089 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of The Ensign Group by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 538,901 shares of the company’s stock valued at $83,131,000 after buying an additional 5,638 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of The Ensign Group by 1,235.5% in the first quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock valued at $60,634,000 after buying an additional 433,489 shares during the period. Institutional investors own 96.12% of the company’s stock.

Insider Activity at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $180.64, for a total value of $126,448.00. Following the transaction, the director owned 25,052 shares of the company’s stock, valued at approximately $4,525,393.28. This trade represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 1,000 shares of The Ensign Group stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $178.57, for a total value of $178,570.00. Following the transaction, the director owned 24,126 shares of the company’s stock, valued at $4,308,179.82. This trade represents a 3.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,142 shares of company stock valued at $7,045,530 over the last quarter. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens lifted their price objective on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $206.00 target price (up previously from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Finally, Truist Financial upped their price target on shares of The Ensign Group from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

The Ensign Group Trading Down 0.3%

Shares of The Ensign Group stock opened at $186.96 on Thursday. The stock has a market capitalization of $10.83 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $193.99. The stock has a 50 day moving average price of $178.74 and a two-hundred day moving average price of $163.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The Ensign Group’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The Ensign Group’s payout ratio is presently 4.47%.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.