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.

A number of hedge funds and other institutional investors have recently made changes to their positions in ESNT. FMR LLC raised its holdings in Essent Group by 25.3% in the 3rd quarter. FMR LLC now owns 8,638,849 shares of the financial services provider’s stock valued at $382,269,000 after acquiring an additional 1,744,715 shares in the last quarter. Norges Bank acquired a new position in Essent Group in the 4th quarter valued at $30,423,000. Capital Research Global Investors raised its holdings in Essent Group by 9.1% in the 3rd quarter. Capital Research Global Investors now owns 9,140,010 shares of the financial services provider’s stock valued at $404,445,000 after acquiring an additional 759,064 shares in the last quarter. Schroder Investment Management Group acquired a new position in Essent Group in the 3rd quarter valued at $30,050,000. Finally, Shoals Capital Management LP bought a new position in shares of Essent Group in the 4th quarter valued at $20,935,000. 91.57% of the stock is owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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