Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Essent Group Ltd (NYSE:ESNT) by 48.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,130 shares of the financial services provider’s stock after acquiring an additional 3,310 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Essent Group were worth $440,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. raised its position in shares of Essent Group by 34.7% during the fourth quarter. Advisor Group Inc. now owns 1,145 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 295 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Essent Group by 170.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 800 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Essent Group during the fourth quarter worth about $47,000. Toronto Dominion Bank acquired a new stake in shares of Essent Group during the fourth quarter worth about $60,000. Finally, Telemus Capital LLC acquired a new stake in shares of Essent Group during the first quarter worth about $204,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

In related news, SVP Jeff Cashmer sold 25,000 shares of Essent Group stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $45.56, for a total value of $1,139,000.00. Following the sale, the senior vice president now owns 107,056 shares of the company’s stock, valued at approximately $4,877,471.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vijay Bhasin sold 41,007 shares of Essent Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.32, for a total value of $1,776,423.24. Following the completion of the sale, the senior vice president now directly owns 239,617 shares in the company, valued at approximately $10,380,208.44. The disclosure for this sale can be found here. In the last three months, insiders sold 121,322 shares of company stock worth $5,408,041. 2.90% of the stock is owned by insiders.

ESNT has been the topic of a number of research analyst reports. ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Essent Group currently has a consensus rating of “Buy” and an average target price of $49.60.

Shares of Essent Group stock opened at $48.06 on Thursday. Essent Group Ltd has a 52-week low of $31.08 and a 52-week high of $48.88. The company has a market capitalization of $4.70 billion, a P/E ratio of 9.91, a PEG ratio of 0.90 and a beta of 1.50.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, May 3rd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. Essent Group had a return on equity of 21.36% and a net margin of 64.33%. The business had revenue of $200.53 million for the quarter, compared to analyst estimates of $196.94 million. During the same quarter last year, the firm earned $1.13 EPS. Essent Group’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts expect that Essent Group Ltd will post 5.3 earnings per share for the current year.

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

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