Essent Group Ltd. (ESNT) SVP Mary Lourdes Gibbons Sells 4,836 Shares

Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,836 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $42.04, for a total value of $203,305.44. Following the sale, the senior vice president now owns 258,066 shares in the company, valued at $10,849,094.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mary Lourdes Gibbons also recently made the following trade(s):

  • On Friday, October 20th, Mary Lourdes Gibbons sold 5,209 shares of Essent Group stock. The shares were sold at an average price of $45.02, for a total value of $234,509.18.
  • On Monday, August 7th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $41.04, for a total value of $188,784.00.
  • On Friday, August 4th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $40.01, for a total value of $184,046.00.

Essent Group Ltd. (NYSE ESNT) opened at 43.96 on Friday. The company’s 50-day moving average price is $40.35 and its 200 day moving average price is $38.27. Essent Group Ltd. has a 52-week low of $25.84 and a 52-week high of $45.10. The stock has a market capitalization of $4.11 billion, a PE ratio of 15.64 and a beta of 1.14.

Essent Group (NYSE:ESNT) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $137.61 million for the quarter, compared to analysts’ expectations of $131.99 million. Essent Group had a return on equity of 18.77% and a net margin of 50.92%. The business’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Equities analysts forecast that Essent Group Ltd. will post $3.04 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Sei Investments Co. raised its holdings in Essent Group by 2.6% during the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 74 shares during the period. Albion Financial Group UT increased its holdings in shares of Essent Group by 0.9% in the second quarter. Albion Financial Group UT now owns 15,704 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 145 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Essent Group by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,746 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE increased its holdings in shares of Essent Group by 4.6% in the first quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 218 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of Essent Group by 0.4% in the second quarter. Riggs Asset Managment Co. Inc. now owns 57,668 shares of the financial services provider’s stock worth $2,142,000 after purchasing an additional 246 shares during the last quarter. 81.02% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on ESNT. Deutsche Bank AG boosted their price objective on Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub upgraded Essent Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $44.00 price objective on shares of Essent Group in a research note on Thursday, October 12th. Barclays PLC boosted their price objective on Essent Group from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.88.

Essent Group Company Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

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

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