Point72 Asset Management L.P. lessened its position in shares of Essent Group Ltd (NYSE:ESNT) by 68.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,800 shares of the financial services provider’s stock after selling 451,469 shares during the period. Point72 Asset Management L.P. owned approximately 0.21% of Essent Group worth $7,551,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. boosted its position in shares of Essent Group by 64.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,083,695 shares of the financial services provider’s stock worth $46,122,000 after buying an additional 423,648 shares during the period. Wells Fargo & Company MN boosted its position in shares of Essent Group by 56.3% in the second quarter. Wells Fargo & Company MN now owns 1,164,126 shares of the financial services provider’s stock worth $41,700,000 after buying an additional 419,183 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Essent Group by 43.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,183 shares of the financial services provider’s stock worth $46,180,000 after buying an additional 387,615 shares during the period. Millennium Management LLC boosted its position in shares of Essent Group by 83.2% in the first quarter. Millennium Management LLC now owns 767,307 shares of the financial services provider’s stock worth $32,657,000 after buying an additional 348,544 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Essent Group by 35.9% in the second quarter. Janus Henderson Group PLC now owns 1,266,524 shares of the financial services provider’s stock worth $45,367,000 after buying an additional 334,394 shares during the period. 90.09% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, June 19th. JPMorgan Chase & Co. reduced their price target on Essent Group from $51.00 to $40.00 and set a “$38.36” rating for the company in a report on Monday, July 23rd. Susquehanna Bancshares increased their price target on Essent Group from $55.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 6th. MKM Partners reduced their price target on Essent Group to $40.00 and set a “neutral” rating for the company in a report on Monday, August 6th. Finally, ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.48.

Shares of Essent Group stock opened at $45.26 on Monday. The company has a market cap of $4.41 billion, a PE ratio of 14.60, a P/E/G ratio of 0.99 and a beta of 1.26. Essent Group Ltd has a twelve month low of $32.73 and a twelve month high of $50.08.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, August 3rd. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Essent Group had a return on equity of 19.37% and a net margin of 71.08%. The business had revenue of $173.77 million during the quarter, compared to analyst estimates of $174.06 million. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. research analysts predict that Essent Group Ltd will post 4.54 earnings per share for the current fiscal year.

In other Essent Group news, SVP Mary Lourdes Gibbons sold 18,781 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $45.15, for a total transaction of $847,962.15. Following the completion of the transaction, the senior vice president now directly owns 223,412 shares of the company’s stock, valued at approximately $10,087,051.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Vijay Bhasin sold 27,869 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $44.64, for a total value of $1,244,072.16. Following the transaction, the senior vice president now directly owns 278,515 shares of the company’s stock, valued at $12,432,909.60. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Essent Group Company Profile

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

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

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