Insider Selling: Essent Group Ltd (NYSE:ESNT) Director Sells 3,000 Shares of Stock

Essent Group Ltd (NYSE:ESNT) Director Robert Glanville sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.88, for a total transaction of $134,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Essent Group Ltd (ESNT) opened at $45.54 on Wednesday. The stock has a market cap of $4,480.72, a P/E ratio of 15.22, a PEG ratio of 1.48 and a beta of 1.15. Essent Group Ltd has a 1 year low of $31.33 and a 1 year high of $46.15.

Essent Group (NYSE:ESNT) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. analysts forecast that Essent Group Ltd will post 3.08 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its position in Essent Group by 347.0% in the 3rd quarter. GSA Capital Partners LLP now owns 29,295 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 22,742 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new position in Essent Group in the 3rd quarter valued at $957,000. California Public Employees Retirement System grew its position in Essent Group by 14.3% in the 3rd quarter. California Public Employees Retirement System now owns 142,669 shares of the financial services provider’s stock valued at $5,778,000 after buying an additional 17,869 shares during the last quarter. Bamco Inc. NY grew its position in Essent Group by 26.3% in the 3rd quarter. Bamco Inc. NY now owns 754,174 shares of the financial services provider’s stock valued at $30,544,000 after buying an additional 157,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Essent Group by 527.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,007 shares of the financial services provider’s stock valued at $1,742,000 after buying an additional 36,153 shares during the last quarter. Hedge funds and other institutional investors own 85.83% of the company’s stock.

Several analysts recently weighed in on the stock. BTIG Research raised shares of Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, September 8th. BidaskClub raised shares of Essent Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Company assumed coverage on shares of Essent Group in a report on Tuesday, November 28th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, Deutsche Bank raised their price objective on shares of Essent Group from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.78.

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Essent Group Company Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

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

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