Xact Kapitalforvaltning AB Acquires Shares of 6,681 Essent Group (ESNT)

Xact Kapitalforvaltning AB acquired a new position in shares of Essent Group (NYSE:ESNT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,681 shares of the financial services provider’s stock, valued at approximately $290,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Essent Group by 24.7% during the 4th quarter. BlackRock Inc. now owns 7,903,032 shares of the financial services provider’s stock worth $343,152,000 after purchasing an additional 1,562,879 shares during the period. Boston Partners increased its holdings in shares of Essent Group by 14.9% during the 4th quarter. Boston Partners now owns 1,455,876 shares of the financial services provider’s stock worth $63,214,000 after purchasing an additional 188,675 shares during the period. APG Asset Management N.V. increased its holdings in shares of Essent Group by 242.5% during the 4th quarter. APG Asset Management N.V. now owns 1,144,800 shares of the financial services provider’s stock worth $41,395,000 after purchasing an additional 810,600 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Essent Group by 69.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,068,425 shares of the financial services provider’s stock worth $46,390,000 after purchasing an additional 437,425 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Essent Group by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 940,247 shares of the financial services provider’s stock worth $38,080,000 after purchasing an additional 92,447 shares during the period. Institutional investors own 89.01% of the company’s stock.

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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, December 25th. Royal Bank of Canada assumed coverage on shares of Essent Group in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 target price on the stock. BTIG Research upped their target price on shares of Essent Group from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Macquarie assumed coverage on shares of Essent Group in a research note on Wednesday, March 14th. They issued an “outperform” rating and a $62.00 target price on the stock. Finally, Zelman & Associates raised shares of Essent Group from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $51.56.

In other Essent Group news, CEO Mark Casale sold 370,673 shares of the business’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 directly owns 1,845,356 shares in the company, valued at $82,118,342. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

NYSE ESNT opened at $36.86 on Friday. The stock has a market capitalization of $3,560.83, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17. Essent Group has a twelve month low of $34.07 and a twelve month high of $50.08.

Essent Group (NYSE:ESNT) last released its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $161.77 million for the quarter, compared to analyst estimates of $155.22 million. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. equities analysts expect that Essent Group will post 4.38 EPS for the current year.

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Essent Group Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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

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