Robert Glanville Sells 3,000 Shares of Essent Group Ltd. (ESNT) Stock

Essent Group Ltd. (NYSE:ESNT) Director Robert Glanville sold 3,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.88, for a total value of $134,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Essent Group Ltd. (NYSE:ESNT) traded up $0.10 during midday trading on Monday, hitting $44.90. The stock had a trading volume of 565,396 shares, compared to its average volume of 688,785. The stock has a market capitalization of $4,410.00, a PE ratio of 14.98, a PEG ratio of 1.47 and a beta of 1.15. Essent Group Ltd. has a one year low of $28.03 and a one year high of $45.22.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The company had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $143.79 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. equities analysts anticipate that Essent Group Ltd. will post 3.05 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its position in Essent Group by 347.0% during the third quarter. GSA Capital Partners LLP now owns 29,295 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 22,742 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new position in Essent Group during the third quarter worth about $957,000. California Public Employees Retirement System grew its position in Essent Group by 14.3% during the third quarter. California Public Employees Retirement System now owns 142,669 shares of the financial services provider’s stock worth $5,778,000 after buying an additional 17,869 shares in the last quarter. Bamco Inc. NY grew its position in Essent Group by 26.3% during the third quarter. Bamco Inc. NY now owns 754,174 shares of the financial services provider’s stock worth $30,544,000 after buying an additional 157,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Essent Group by 527.5% during the third quarter. Cubist Systematic Strategies LLC now owns 43,007 shares of the financial services provider’s stock worth $1,742,000 after buying an additional 36,153 shares in the last quarter. Institutional investors and hedge funds own 82.51% of the company’s stock.

ESNT has been the topic of several research reports. BidaskClub lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods set a $43.00 price target on Essent Group and gave the company a “hold” rating in a research report on Monday, August 7th. Barclays PLC lifted their price target on Essent Group from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Finally, Deutsche Bank AG lifted their price target on Essent Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Essent Group has a consensus rating of “Buy” and a consensus target price of $45.00.

About Essent Group

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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