Versor Investments LP Invests $253,000 in Essent Group Ltd. (NYSE:ESNT)

Versor Investments LP acquired a new position in shares of Essent Group Ltd. (NYSE:ESNTFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,344 shares of the financial services provider’s stock, valued at approximately $253,000.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Essent Group by 0.5% during the 1st quarter. BlackRock Inc. now owns 14,995,922 shares of the financial services provider’s stock worth $617,982,000 after acquiring an additional 71,629 shares during the period. Vanguard Group Inc. raised its holdings in Essent Group by 2.4% in the third quarter. Vanguard Group Inc. now owns 11,160,781 shares of the financial services provider’s stock valued at $389,177,000 after buying an additional 261,537 shares during the period. Capital World Investors raised its holdings in Essent Group by 10.2% in the first quarter. Capital World Investors now owns 8,781,249 shares of the financial services provider’s stock valued at $361,875,000 after buying an additional 815,259 shares during the period. State Street Corp raised its holdings in Essent Group by 7.0% in the first quarter. State Street Corp now owns 4,375,800 shares of the financial services provider’s stock valued at $180,327,000 after buying an additional 286,764 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Essent Group by 1.1% in the first quarter. Macquarie Group Ltd. now owns 3,932,841 shares of the financial services provider’s stock valued at $157,510,000 after buying an additional 43,379 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Mary Lourdes Gibbons sold 5,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the senior vice president now owns 247,969 shares of the company’s stock, valued at $13,638,295. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Essent Group Trading Down 1.9 %

ESNT stock opened at $55.15 on Thursday. The company has a market capitalization of $5.89 billion, a P/E ratio of 8.85, a PEG ratio of 0.84 and a beta of 1.09. The firm has a 50 day simple moving average of $52.10 and a 200-day simple moving average of $50.17. Essent Group Ltd. has a twelve month low of $36.53 and a twelve month high of $56.45.

Essent Group (NYSE:ESNTGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.09. The firm had revenue of $296.11 million during the quarter, compared to the consensus estimate of $262.26 million. Essent Group had a net margin of 64.11% and a return on equity of 14.33%. On average, research analysts predict that Essent Group Ltd. will post 6.45 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ESNT shares. StockNews.com lowered shares of Essent Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Barclays started coverage on shares of Essent Group in a report on Wednesday, November 15th. They issued an “overweight” rating and a $60.00 price target on the stock. Finally, UBS Group began coverage on shares of Essent Group in a report on Wednesday, December 6th. They issued a “neutral” rating and a $54.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.38.

Read Our Latest Stock Analysis on ESNT

Essent Group Company Profile

(Free Report)

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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