Vanguard Personalized Indexing Management LLC Buys 4,071 Shares of Essent Group Ltd. (NYSE:ESNT)

Vanguard Personalized Indexing Management LLC lifted its stake in Essent Group Ltd. (NYSE:ESNTFree Report) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,292 shares of the financial services provider’s stock after buying an additional 4,071 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Essent Group were worth $1,228,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Essent Group by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,453,168 shares of the financial services provider’s stock worth $68,720,000 after acquiring an additional 14,145 shares during the period. Acadian Asset Management LLC raised its stake in shares of Essent Group by 6,932.3% in the third quarter. Acadian Asset Management LLC now owns 47,187 shares of the financial services provider’s stock valued at $2,230,000 after purchasing an additional 46,516 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Essent Group by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,471,258 shares of the financial services provider’s stock worth $69,576,000 after purchasing an additional 35,484 shares during the period. Clearbridge Investments LLC boosted its stake in Essent Group by 533.4% during the third quarter. Clearbridge Investments LLC now owns 257,359 shares of the financial services provider’s stock worth $12,171,000 after buying an additional 216,730 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Essent Group in the 3rd quarter valued at $534,000. 93.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Douglas J. Pauls sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $56.12, for a total transaction of $140,300.00. Following the completion of the sale, the director now directly owns 27,112 shares of the company’s stock, valued at $1,521,525.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Essent Group Stock Up 0.3 %

Shares of NYSE:ESNT opened at $56.83 on Friday. The firm has a market cap of $6.06 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.84 and a beta of 1.05. Essent Group Ltd. has a 12 month low of $43.27 and a 12 month high of $59.90. The company’s 50-day moving average price is $55.73 and its two-hundred day moving average price is $53.15.

Essent Group (NYSE:ESNTGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.56 by $0.14. Essent Group had a net margin of 61.40% and a return on equity of 14.24%. The business had revenue of $298.40 million for the quarter, compared to analysts’ expectations of $298.69 million. During the same period in the prior year, the firm earned $1.59 earnings per share. Essent Group’s revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Essent Group Ltd. will post 6.73 earnings per share for the current fiscal year.

Essent Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, May 31st. Essent Group’s dividend payout ratio (DPR) is presently 16.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Essent Group from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. cut Essent Group from a “buy” rating to a “hold” rating in a report on Monday, March 4th. JPMorgan Chase & Co. downgraded Essent Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $61.00 in a research report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods upped their price target on Essent Group from $62.00 to $64.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to, Essent Group currently has a consensus rating of “Hold” and a consensus target price of $58.75.

View Our Latest Stock Analysis on Essent Group

About Essent Group

(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.

Further Reading

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

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