MANA Advisors LLC bought a new position in shares of Essent Group Ltd (NYSE:ESNT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,435 shares of the financial services provider’s stock, valued at approximately $279,000.
A number of other institutional investors also recently bought and sold shares of the stock. Telemus Capital LLC purchased a new position in Essent Group during the fourth quarter worth approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Essent Group by 50.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,735 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,590 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Essent Group during the fourth quarter worth $208,000. Waratah Capital Advisors Ltd. acquired a new stake in Essent Group during the fourth quarter worth $267,000. Finally, Teacher Retirement System of Texas increased its stake in Essent Group by 23.2% during the third quarter. Teacher Retirement System of Texas now owns 6,904 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,299 shares during the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
ESNT has been the subject of a number of research reports. Wells Fargo initiated coverage on Essent Group in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 price objective for the company. ValuEngine downgraded Essent Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BTIG Research boosted their target price on Essent Group from $49.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada began coverage on Essent Group in a report on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 target price for the company. Finally, Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, December 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.31.
Essent Group Ltd (NYSE:ESNT) traded down $0.40 during mid-day trading on Tuesday, hitting $40.78. The stock had a trading volume of 554,150 shares, compared to its average volume of 784,731. Essent Group Ltd has a 1-year low of $33.45 and a 1-year high of $50.08. The firm has a market cap of $3,929.66, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.82 and a beta of 1.14.
Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $161.77 million during the quarter, compared to the consensus estimate of $155.22 million. Essent Group had a return on equity of 17.77% and a net margin of 65.87%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. analysts expect that Essent Group Ltd will post 4.42 earnings per share for the current year.
In other Essent Group news, CEO Mark Casale sold 370,673 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.50, for a total value of $16,494,948.50. Following the transaction, the chief executive officer now owns 1,845,356 shares of the company’s stock, valued at $82,118,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.10% of the company’s stock.
WARNING: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/20/mana-advisors-llc-takes-279000-position-in-essent-group-ltd-esnt.html.
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.
Receive News & Ratings for Essent Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group and related companies with MarketBeat.com's FREE daily email newsletter.