California Public Employees Retirement System Has $7.69 Million Stock Holdings in Essent Group Ltd. (NYSE:ESNT)

California Public Employees Retirement System decreased its holdings in Essent Group Ltd. (NYSE:ESNTGet Rating) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,602 shares of the financial services provider’s stock after selling 15,432 shares during the quarter. California Public Employees Retirement System owned 0.18% of Essent Group worth $7,687,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. CI Investments Inc. raised its stake in shares of Essent Group by 74,633.3% in the 1st quarter. CI Investments Inc. now owns 4,484 shares of the financial services provider’s stock valued at $185,000 after buying an additional 4,478 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Essent Group by 14.7% in the 1st quarter. State of Tennessee Treasury Department now owns 125,585 shares of the financial services provider’s stock valued at $5,176,000 after buying an additional 16,123 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Essent Group during the 2nd quarter worth about $1,338,000. Swiss National Bank increased its position in shares of Essent Group by 6.1% during the 1st quarter. Swiss National Bank now owns 261,091 shares of the financial services provider’s stock worth $10,760,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Essent Group by 3.3% during the 2nd quarter. Xponance Inc. now owns 16,975 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

ESNT has been the subject of a number of recent analyst reports. TheStreet cut shares of Essent Group from a “b-” rating to a “c+” rating in a research report on Thursday, October 20th. BTIG Research dropped their target price on shares of Essent Group from $54.00 to $45.00 in a research report on Friday, November 4th. Royal Bank of Canada dropped their target price on shares of Essent Group from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of Essent Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Finally, StockNews.com cut shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Essent Group currently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

Essent Group Trading Up 1.0 %

ESNT opened at $39.82 on Thursday. The stock has a market capitalization of $4.29 billion, a PE ratio of 4.99, a PEG ratio of 0.48 and a beta of 1.20. Essent Group Ltd. has a 1-year low of $34.27 and a 1-year high of $50.17. The firm has a 50-day moving average price of $37.44 and a two-hundred day moving average price of $39.51.

Essent Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Thursday, December 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.31%. The ex-dividend date is Wednesday, November 30th. This is a boost from Essent Group’s previous quarterly dividend of $0.22. Essent Group’s dividend payout ratio (DPR) is presently 11.03%.

Insider Buying and Selling at Essent Group

In other news, Director Aditya Dutt sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $39.23, for a total value of $235,380.00. Following the transaction, the director now owns 23,023 shares of the company’s stock, valued at approximately $903,192.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

About Essent Group

(Get Rating)

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services.

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

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