SG Americas Securities LLC Boosts Stock Holdings in Essent Group Ltd. (NYSE:ESNT)

SG Americas Securities LLC increased its position in Essent Group Ltd. (NYSE:ESNTFree Report) by 46.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,590 shares of the financial services provider’s stock after acquiring an additional 16,044 shares during the quarter. SG Americas Securities LLC’s holdings in Essent Group were worth $2,668,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Essent Group by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 1,453,168 shares of the financial services provider’s stock valued at $68,720,000 after acquiring an additional 14,145 shares during the period. Acadian Asset Management LLC boosted its position in shares of Essent Group by 6,932.3% in the third quarter. Acadian Asset Management LLC now owns 47,187 shares of the financial services provider’s stock valued at $2,230,000 after acquiring an additional 46,516 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Essent Group by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,471,258 shares of the financial services provider’s stock valued at $69,576,000 after acquiring an additional 35,484 shares during the period. Clearbridge Investments LLC boosted its position in shares of Essent Group by 533.4% in the third quarter. Clearbridge Investments LLC now owns 257,359 shares of the financial services provider’s stock valued at $12,171,000 after acquiring an additional 216,730 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Essent Group in the third quarter valued at approximately $534,000. 93.00% of the stock is currently owned by institutional investors.

Essent Group Stock Performance

ESNT stock opened at $57.58 on Wednesday. The company has a market capitalization of $6.15 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. Essent Group Ltd. has a one year low of $38.84 and a one year high of $58.67. The company’s 50 day moving average price is $54.23 and its two-hundred day moving average price is $51.13.

Essent Group (NYSE:ESNTGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. The firm had revenue of $297.30 million for the quarter, compared to the consensus estimate of $286.18 million. Essent Group had a net margin of 62.75% and a return on equity of 14.44%. The business’s revenue was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. On average, research analysts predict that Essent Group Ltd. will post 6.57 EPS for the current year.

Essent Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, March 12th. This is an increase from Essent Group’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 1.95%. Essent Group’s dividend payout ratio (DPR) is 17.23%.

Insiders Place Their Bets

In other Essent Group news, SVP Mary Lourdes Gibbons sold 5,000 shares of Essent Group stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the senior vice president now directly owns 247,969 shares of the company’s stock, valued at $13,638,295. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Royal Bank of Canada lifted their target price on shares of Essent Group from $56.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, UBS Group initiated coverage on shares of Essent Group in a research report on Wednesday, December 6th. They set a “neutral” rating and a $54.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Essent Group presently has a consensus rating of “Moderate Buy” and an average target price of $56.25.

Get Our Latest Analysis on ESNT

About Essent Group

(Free Report)

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, as well as risk management products and title insurance and settlement services.

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

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