Capital Fund Management S.A. Lowers Holdings in Essent Group Ltd (ESNT)

Capital Fund Management S.A. reduced its holdings in shares of Essent Group Ltd (NYSE:ESNT) by 48.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,700 shares of the financial services provider’s stock after selling 7,100 shares during the period. Capital Fund Management S.A.’s holdings in Essent Group were worth $334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ESNT. Victory Capital Management Inc. grew its position in Essent Group by 57.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,351,264 shares of the financial services provider’s stock worth $95,226,000 after purchasing an additional 860,300 shares during the last quarter. APG Asset Management N.V. grew its position in Essent Group by 242.5% during the 4th quarter. APG Asset Management N.V. now owns 1,144,800 shares of the financial services provider’s stock worth $41,395,000 after purchasing an additional 810,600 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Essent Group by 69.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,068,425 shares of the financial services provider’s stock worth $46,390,000 after purchasing an additional 437,425 shares during the last quarter. Wells Fargo & Company MN grew its position in Essent Group by 58.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,052,044 shares of the financial services provider’s stock worth $42,607,000 after purchasing an additional 388,455 shares during the last quarter. Finally, Strycker View Capital LLC purchased a new position in Essent Group during the 4th quarter worth $16,439,000. 88.09% of the stock is currently owned by institutional investors.

Shares of Essent Group Ltd (NYSE:ESNT) opened at $47.08 on Friday. Essent Group Ltd has a 52 week low of $33.45 and a 52 week high of $50.08. The company has a market cap of $4,620.00, a PE ratio of 15.24, a P/E/G ratio of 0.97 and a beta of 1.15.

Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The firm had revenue of $161.77 million during the quarter, compared to analysts’ expectations of $155.22 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. research analysts expect that Essent Group Ltd will post 4.34 earnings per share for the current fiscal year.

Several research firms have recently commented on ESNT. Royal Bank of Canada began coverage on shares of Essent Group in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 target price for the company. BTIG Research raised their target price on shares of Essent Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Monday, December 25th. ValuEngine cut shares of Essent Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank upgraded shares of Essent Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $49.00 to $61.00 in a research note on Monday, January 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.52.

In other Essent Group news, Director Andrew Turnbull sold 5,000 shares of Essent Group stock in a transaction dated 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 in the company, valued at $1,131,416. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Casale sold 370,673 shares of Essent Group stock in a transaction dated 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 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. Insiders sold 401,686 shares of company stock valued at $17,906,354 in the last quarter. 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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