Essent Group Ltd. (NYSE:ESNT) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its stake in Essent Group Ltd. (NYSE:ESNTGet Rating) by 107.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,724 shares of the financial services provider’s stock after purchasing an additional 11,256 shares during the quarter. Trexquant Investment LP’s holdings in Essent Group were worth $845,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in shares of Essent Group in the second quarter worth about $50,000. Lazard Asset Management LLC lifted its stake in shares of Essent Group by 43.9% in the first quarter. Lazard Asset Management LLC now owns 1,668 shares of the financial services provider’s stock worth $68,000 after buying an additional 509 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Essent Group in the first quarter worth about $74,000. Sit Investment Associates Inc. purchased a new position in shares of Essent Group in the second quarter worth about $112,000. Finally, Van ECK Associates Corp lifted its stake in shares of Essent Group by 15.9% in the first quarter. Van ECK Associates Corp now owns 2,822 shares of the financial services provider’s stock worth $116,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Essent Group Stock Performance

Essent Group stock opened at $39.82 on Thursday. The company’s 50 day simple moving average is $37.44 and its 200-day simple moving average is $39.51. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 0.48 and a beta of 1.20. Essent Group Ltd. has a 1 year low of $34.27 and a 1 year high of $50.17.

Essent Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Thursday, December 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from Essent Group’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, November 30th. Essent Group’s payout ratio is 11.03%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ESNT. Barclays decreased their price target on shares of Essent Group from $72.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, October 13th. StockNews.com downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of Essent Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th. Royal Bank of Canada reduced their target price on shares of Essent Group from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Essent Group from $51.00 to $43.50 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Activity

In related news, Director Aditya Dutt sold 6,000 shares of Essent Group stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $39.23, for a total value of $235,380.00. Following the completion of the transaction, the director now owns 23,023 shares in the company, valued at $903,192.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Essent Group Company Profile

(Get Rating)

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services.

See Also

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

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