The Ensign Group, Inc. $ENSG Stock Position Boosted by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 614,877 shares of the company’s stock after buying an additional 146,302 shares during the quarter. American Century Companies Inc. owned about 1.07% of The Ensign Group worth $94,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in The Ensign Group by 1.4% during 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 in the last quarter. Northern Trust Corp raised its stake in shares of The Ensign Group by 0.4% in 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 in the last quarter. Wellington Management Group LLP lifted its holdings in shares of The Ensign Group by 17.6% in the first 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 period. Bank of New York Mellon Corp boosted its stake in The Ensign Group by 1.1% during the second 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 in the last quarter. Finally, Franklin Resources Inc. grew its holdings in The Ensign Group by 20.1% during the second quarter. Franklin Resources Inc. now owns 518,485 shares of the company’s stock worth $79,981,000 after acquiring an additional 86,827 shares during the period. 96.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other The Ensign Group news, Director Daren Shaw sold 1,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,308,179.82. This represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barry Port sold 28,315 shares of The Ensign Group stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.71, for a total transaction of $5,116,803.65. Following the sale, the chief executive officer directly owned 56,481 shares of the company’s stock, valued at $10,206,681.51. This trade represents a 33.39% 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 in the last three months. 3.90% of the stock is currently owned by insiders.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $187.53 on Wednesday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.10 and a beta of 0.94. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $193.99. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $178.32 and its 200-day simple moving average is $162.97.

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

The Ensign Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors 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 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s payout ratio is presently 4.47%.

The Ensign Group 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.