Waratah Capital Advisors Ltd. Acquires Shares of 6,142 Essent Group Ltd (ESNT)

Waratah Capital Advisors Ltd. purchased a new stake in shares of Essent Group Ltd (NYSE:ESNT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 6,142 shares of the financial services provider’s stock, valued at approximately $267,000.

Other institutional investors also recently bought and sold shares of the company. Fortaleza Asset Management Inc. purchased a new position in shares of Essent Group during the 3rd quarter valued at $112,000. Telemus Capital LLC purchased a new position in shares of Essent Group during the 4th quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Essent Group by 50.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,735 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 1,590 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Essent Group during the 4th quarter valued at $208,000. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of Essent Group during the 3rd quarter valued at $219,000. Institutional investors and hedge funds own 88.09% of the company’s stock.

Several equities analysts have recently commented on ESNT shares. Deutsche Bank boosted their price target on shares of Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. BidaskClub lowered shares of Essent Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays lifted their price objective on shares of Essent Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Co began coverage on shares of Essent Group in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.52.

Shares of Essent Group Ltd (NYSE:ESNT) opened at $47.23 on Monday. Essent Group Ltd has a 52 week low of $33.45 and a 52 week high of $50.08. The stock has a market cap of $4,649.04, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.99 and a beta of 1.15.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $161.77 million during the quarter, compared to analyst estimates of $155.22 million. Essent Group had a net margin of 65.87% and a return on equity of 18.84%. The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. equities research analysts predict that Essent Group Ltd will post 4.34 earnings per share for the current year.

In other Essent Group news, Director Andrew Turnbull sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the transaction, the director now owns 24,596 shares of the company’s stock, valued at approximately $1,131,416. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Casale sold 370,673 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.50, for a total transaction of $16,494,948.50. Following the transaction, the chief executive officer now directly owns 1,845,356 shares of the company’s stock, valued at approximately $82,118,342. The disclosure for this sale can be found here. In the last three months, insiders have sold 401,686 shares of company stock valued at $17,906,354. Company insiders own 18.10% of the company’s stock.

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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.

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

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