The Ensign Group, Inc. (ENSG) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 377,139 shares of the company’s stock after acquiring an additional 2,479 shares during the period. Principal Financial Group Inc. owned about 0.74% of The Ensign Group worth $8,210,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of The Ensign Group by 36.8% during the first quarter. Victory Capital Management Inc. now owns 6,084 shares of the company’s stock valued at $114,000 after acquiring an additional 1,638 shares during the last quarter. UBS Group AG raised its stake in shares of The Ensign Group by 93.9% during the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock valued at $131,000 after acquiring an additional 3,383 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of The Ensign Group during the first quarter valued at about $131,000. State of Alaska Department of Revenue raised its stake in shares of The Ensign Group by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 9,377 shares of the company’s stock valued at $204,000 after acquiring an additional 4,097 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of The Ensign Group by 7.6% during the first quarter. Mason Street Advisors LLC now owns 11,188 shares of the company’s stock valued at $210,000 after acquiring an additional 786 shares during the last quarter. 84.20% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on ENSG. TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

The Ensign Group, Inc. (NASDAQ:ENSG) opened at 22.07 on Thursday. The stock has a market cap of $1.12 billion, a PE ratio of 25.69 and a beta of 0.86. The Ensign Group, Inc. has a 12 month low of $16.51 and a 12 month high of $23.35. The company’s 50 day moving average is $20.31 and its 200 day moving average is $19.88.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Saturday, September 30th will be issued a $0.043 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.17 annualized dividend and a dividend yield of 0.79%. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.

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In related news, VP Barry Port sold 10,000 shares of The Ensign Group stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president now owns 135,642 shares in the company, valued at approximately $3,119,766. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Antoinette T. Hubenette sold 2,500 shares of The Ensign Group stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total transaction of $52,375.00. Following the sale, the director now owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The disclosure for this sale can be found here. Insiders sold a total of 14,576 shares of company stock valued at $327,373 in the last 90 days. Company insiders own 6.20% of the company’s stock.

The Ensign Group Profile

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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