Entropy Technologies LP Has $447,000 Stake in Essent Group Ltd. (NYSE:ESNT)

Entropy Technologies LP cut its holdings in Essent Group Ltd. (NYSE:ESNT) by 76.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,210 shares of the financial services provider’s stock after selling 26,249 shares during the period. Entropy Technologies LP’s holdings in Essent Group were worth $447,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ESNT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Essent Group by 132.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 424,542 shares of the financial services provider’s stock valued at $27,294,000 after acquiring an additional 241,840 shares in the last quarter. Jennison Associates LLC increased its stake in Essent Group by 31.1% in the fourth quarter. Jennison Associates LLC now owns 984,414 shares of the financial services provider’s stock valued at $53,591,000 after acquiring an additional 233,636 shares during the period. Barclays PLC raised its position in Essent Group by 154.7% in the third quarter. Barclays PLC now owns 208,927 shares of the financial services provider’s stock worth $13,431,000 after purchasing an additional 126,899 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Essent Group by 45.5% in the 3rd quarter. Walleye Capital LLC now owns 345,675 shares of the financial services provider’s stock valued at $22,223,000 after purchasing an additional 108,061 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Essent Group by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,021,343 shares of the financial services provider’s stock worth $65,662,000 after buying an additional 99,604 shares during the period. Institutional investors and hedge funds own 93.00% of the company’s stock.

Essent Group Trading Down 1.8 %

NYSE ESNT opened at $57.07 on Thursday. Essent Group Ltd. has a 12 month low of $51.32 and a 12 month high of $65.33. The company has a market capitalization of $6.06 billion, a PE ratio of 8.27, a P/E/G ratio of 2.75 and a beta of 1.11. The stock has a 50-day simple moving average of $56.08 and a 200 day simple moving average of $59.16.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ESNT shares. Royal Bank of Canada reduced their price target on shares of Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Barclays lowered Essent Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $69.00 to $58.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut their price target on Essent Group from $75.00 to $72.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of Essent Group from $67.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, The Goldman Sachs Group reduced their target price on shares of Essent Group from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.71.

Essent Group Company Profile

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.