Douglas J. Pauls Sells 2,500 Shares of Essent Group Ltd. (NYSE:ESNT) Stock

Essent Group Ltd. (NYSE:ESNTGet Free Report) Director Douglas J. Pauls sold 2,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $56.12, for a total value of $140,300.00. Following the completion of the transaction, the director now directly owns 27,112 shares in the company, valued at approximately $1,521,525.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Essent Group Price Performance

NYSE:ESNT opened at $56.17 on Wednesday. The stock’s 50-day moving average is $55.52 and its two-hundred day moving average is $52.92. The stock has a market cap of $5.99 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. Essent Group Ltd. has a fifty-two week low of $43.27 and a fifty-two week high of $59.90.

Essent Group (NYSE:ESNTGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.14. Essent Group had a net margin of 61.40% and a return on equity of 14.24%. The firm had revenue of $298.40 million for the quarter, compared to the consensus estimate of $298.69 million. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that Essent Group Ltd. will post 6.73 earnings per share for the current year.

Essent Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.99%. Essent Group’s dividend payout ratio is 16.94%.

Analysts Set New Price Targets

ESNT has been the topic of a number of recent research reports. StockNews.com cut Essent Group from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Royal Bank of Canada dropped their price target on Essent Group from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. JPMorgan Chase & Co. lowered shares of Essent Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $61.00 in a research note on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Essent Group from $62.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Essent Group currently has an average rating of “Hold” and an average price target of $58.75.

Check Out Our Latest Report on Essent Group

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Essent Group by 12.4% during the 3rd quarter. Raymond James & Associates now owns 13,980 shares of the financial services provider’s stock valued at $661,000 after buying an additional 1,544 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Essent Group by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,014 shares of the financial services provider’s stock worth $946,000 after purchasing an additional 2,906 shares during the last quarter. Strs Ohio raised its holdings in shares of Essent Group by 18.5% during the 3rd quarter. Strs Ohio now owns 32,100 shares of the financial services provider’s stock valued at $1,518,000 after purchasing an additional 5,000 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Essent Group by 4.0% in the 3rd quarter. Assetmark Inc. now owns 40,032 shares of the financial services provider’s stock valued at $1,893,000 after purchasing an additional 1,538 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in Essent Group in the third quarter worth $253,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

About Essent Group

(Get 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, as well as risk management products and title insurance and settlement services.

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Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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