Fifth Third Bancorp Has $322,000 Stock Position in The Ensign Group, Inc. $ENSG

Fifth Third Bancorp lowered its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 25.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,090 shares of the company’s stock after selling 716 shares during the quarter. Fifth Third Bancorp’s holdings in The Ensign Group were worth $322,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in The Ensign Group by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company’s stock valued at $1,074,000 after acquiring an additional 1,564 shares during the period. QRG Capital Management Inc. boosted its stake in The Ensign Group by 1.6% in the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company’s stock valued at $754,000 after buying an additional 92 shares in the last quarter. KBC Group NV boosted its stake in The Ensign Group by 10.7% in the first quarter. KBC Group NV now owns 2,506 shares of the company’s stock valued at $324,000 after buying an additional 243 shares in the last quarter. New York State Teachers Retirement System boosted its stake in The Ensign Group by 0.8% in the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company’s stock valued at $4,727,000 after buying an additional 300 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of The Ensign Group during the first quarter valued at about $343,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Buying and Selling

In related news, CFO Suzanne D. Snapper sold 8,379 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the transaction, the chief financial officer owned 269,692 shares in the company, valued at $39,971,051.32. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total value of $120,442.00. Following the completion of the transaction, the director owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

The Ensign Group Stock Up 0.7%

Shares of NASDAQ ENSG opened at $172.77 on Wednesday. The company has a market cap of $9.97 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $164.40 and a two-hundred day simple moving average of $148.13. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $174.98.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is currently 4.54%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stephens lifted their price target on The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. UBS Group upped their price objective on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Truist Financial increased their price target on The Ensign Group from $155.00 to $165.00 and gave the company a “hold” rating in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.67.

The Ensign Group Company Profile

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.