Nkcfo LLC acquired a new stake in Essent Group Ltd (NYSE:ESNT) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,000 shares of the financial services provider’s stock, valued at approximately $348,000.

Several other hedge funds also recently modified their holdings of the stock. Hudson Bay Capital Management LP grew its holdings in Essent Group by 27.7% in the 4th quarter. Hudson Bay Capital Management LP now owns 182,725 shares of the financial services provider’s stock valued at $6,246,000 after buying an additional 39,669 shares during the last quarter. BlackRock Inc. grew its holdings in Essent Group by 4.3% in the 4th quarter. BlackRock Inc. now owns 7,801,470 shares of the financial services provider’s stock valued at $266,654,000 after buying an additional 319,226 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in Essent Group in the 4th quarter valued at approximately $9,400,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Essent Group by 16.6% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,820 shares of the financial services provider’s stock valued at $233,000 after buying an additional 970 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Essent Group by 6.5% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 241,969 shares of the financial services provider’s stock valued at $8,271,000 after buying an additional 14,785 shares during the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ESNT traded down $0.16 during trading on Thursday, hitting $45.09. 961,100 shares of the stock were exchanged, compared to its average volume of 584,201. Essent Group Ltd has a 1-year low of $31.08 and a 1-year high of $47.94. The firm has a market capitalization of $4.45 billion, a PE ratio of 9.30, a PEG ratio of 0.87 and a beta of 1.49.

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, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.16. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The company had revenue of $193.10 million for the quarter, compared to analyst estimates of $189.76 million. During the same quarter last year, the firm earned $0.79 EPS. Essent Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Essent Group Ltd will post 5.22 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

In other news, SVP Mary Lourdes Gibbons sold 9,000 shares of Essent Group stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $43.01, for a total transaction of $387,090.00. Following the sale, the senior vice president now owns 212,733 shares of the company’s stock, valued at approximately $9,149,646.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 10,000 shares of Essent Group stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $47.61, for a total value of $476,100.00. Following the sale, the chief financial officer now directly owns 219,883 shares in the company, valued at approximately $10,468,629.63. The disclosure for this sale can be found here. Insiders have sold a total of 139,322 shares of company stock worth $6,164,131 in the last three months. 2.90% of the stock is owned by insiders.

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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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