Capstone Investment Advisors LLC Makes New Investment in Essent Group Ltd. (NYSE:ESNT)

Capstone Investment Advisors LLC bought a new stake in shares of Essent Group Ltd. (NYSE:ESNTFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,876 shares of the financial services provider’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ESNT. Janney Montgomery Scott LLC grew its position in shares of Essent Group by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,297 shares of the financial services provider’s stock valued at $613,000 after buying an additional 287 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Essent Group by 86.4% during the first quarter. BNP Paribas Financial Markets now owns 65,061 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 30,149 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Essent Group by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 39,603 shares of the financial services provider’s stock worth $2,357,000 after purchasing an additional 10,593 shares during the period. Vest Financial LLC lifted its holdings in shares of Essent Group by 221.3% in the 1st quarter. Vest Financial LLC now owns 15,021 shares of the financial services provider’s stock worth $894,000 after purchasing an additional 10,346 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Essent Group by 10.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,247,184 shares of the financial services provider’s stock valued at $74,220,000 after purchasing an additional 120,881 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Essent Group

In related news, Director Douglas J. Pauls sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $56.12, for a total transaction of $140,300.00. Following the completion of the transaction, the director now owns 27,112 shares of the company’s stock, valued at $1,521,525.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ESNT. Royal Bank of Canada dropped their target price on Essent Group from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. UBS Group increased their price objective on shares of Essent Group from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Essent Group from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Essent Group from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.38.

Check Out Our Latest Report on Essent Group

Essent Group Stock Down 0.8 %

Shares of ESNT opened at $54.95 on Tuesday. The firm has a market capitalization of $5.86 billion, a PE ratio of 8.31, a P/E/G ratio of 1.22 and a beta of 1.11. The firm has a 50-day moving average price of $56.01 and a 200 day moving average price of $54.94. Essent Group Ltd. has a 52-week low of $45.63 and a 52-week high of $59.90.

Essent Group (NYSE:ESNTGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.14. Essent Group had a net margin of 61.40% and a return on equity of 14.24%. The business had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $298.69 million. During the same period last year, the firm posted $1.59 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. On average, equities analysts expect that Essent Group Ltd. will post 6.73 EPS for the current year.

Essent Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 31st were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 31st. Essent Group’s dividend payout ratio (DPR) is presently 16.94%.

Essent Group Profile

(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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