Essent Group Ltd (ESNT) SVP Vijay Bhasin Sells 41,007 Shares
Essent Group Ltd (NYSE:ESNT) SVP Vijay Bhasin sold 41,007 shares of Essent Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $43.32, for a total value of $1,776,423.24. Following the sale, the senior vice president now directly owns 239,617 shares of the company’s stock, valued at $10,380,208.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NYSE ESNT traded up $0.15 during midday trading on Thursday, hitting $43.81. The company had a trading volume of 268,935 shares, compared to its average volume of 505,230. The stock has a market capitalization of $4.29 billion, a PE ratio of 9.03, a P/E/G ratio of 0.83 and a beta of 1.50. Essent Group Ltd has a twelve month low of $31.08 and a twelve month high of $45.60.
Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.16. The firm had revenue of $193.10 million during the quarter, compared to analysts’ expectations of $189.76 million. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. As a group, equities research analysts expect that Essent Group Ltd will post 5.22 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research cut Essent Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Barclays set a $52.00 price target on Essent Group and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.00.
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About Essent Group
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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