Boston Partners raised its stake in shares of Essent Group Ltd. (NYSE:ESNT) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,267,201 shares of the financial services provider’s stock after acquiring an additional 26,242 shares during the quarter. Boston Partners owned approximately 1.36% of Essent Group worth $51,322,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of ESNT. BlackRock Inc. lifted its holdings in shares of Essent Group by 6,828.8% during the first quarter. BlackRock Inc. now owns 5,844,752 shares of the financial services provider’s stock valued at $211,403,000 after acquiring an additional 5,760,398 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Essent Group by 57.7% during the third quarter. Victory Capital Management Inc. now owns 2,351,264 shares of the financial services provider’s stock valued at $95,226,000 after acquiring an additional 860,300 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Essent Group by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock valued at $290,695,000 after acquiring an additional 655,163 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Essent Group by 18.7% during the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock valued at $139,494,000 after acquiring an additional 592,824 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Essent Group in the second quarter valued at about $19,348,000. 82.44% of the stock is owned by institutional investors.
Shares of Essent Group Ltd. (NYSE:ESNT) opened at $41.58 on Friday. The company has a market capitalization of $4,092.89, a PE ratio of 13.91, a P/E/G ratio of 1.38 and a beta of 1.15. Essent Group Ltd. has a 12-month low of $25.84 and a 12-month high of $45.10.
Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. The firm had revenue of $150.20 million during the quarter, compared to analyst estimates of $143.79 million. Essent Group had a return on equity of 19.73% and a net margin of 51.64%. The company’s revenue was up 23.9% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. equities research analysts expect that Essent Group Ltd. will post 3.03 EPS for the current fiscal year.
In related news, SVP Mary Lourdes Gibbons sold 5,209 shares of Essent Group stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $45.02, for a total value of $234,509.18. Following the completion of the sale, the senior vice president now directly owns 252,857 shares in the company, valued at $11,383,622.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $38.91, for a total value of $77,820.00. Following the completion of the sale, the vice president now owns 28,785 shares of the company’s stock, valued at $1,120,024.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,045 shares of company stock valued at $1,033,735. Corporate insiders own 18.10% of the company’s stock.
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ESNT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $44.00 price target on shares of Essent Group in a report on Thursday, October 12th. BidaskClub cut Essent Group from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Zacks Investment Research cut Essent Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Compass Point reaffirmed a “buy” rating and issued a $50.00 price target (up from $38.00) on shares of Essent Group in a report on Wednesday, October 11th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Essent Group in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.00.
About Essent Group
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.
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