The Manufacturers Life Insurance Company Increases Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

The Manufacturers Life Insurance Company boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,571 shares of the company’s stock after purchasing an additional 591 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of The Ensign Group worth $2,563,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new position in The Ensign Group in the 1st quarter worth approximately $30,000. Logan Capital Management Inc. purchased a new position in shares of The Ensign Group during the first quarter valued at approximately $42,000. Eaton Vance Management purchased a new position in shares of The Ensign Group during the first quarter valued at approximately $46,000. Parkside Financial Bank & Trust increased its stake in shares of The Ensign Group by 779.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,284 shares of the company’s stock valued at $112,000 after buying an additional 1,138 shares during the period. Finally, Heritage Wealth Management LLC increased its stake in shares of The Ensign Group by 11.7% during the second quarter. Heritage Wealth Management LLC now owns 1,677 shares of the company’s stock valued at $145,000 after buying an additional 175 shares during the period. 87.16% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ENSG opened at $72.27 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.12. The Ensign Group, Inc. has a twelve month low of $55.05 and a twelve month high of $98.66. The firm has a market capitalization of $3.98 billion, a PE ratio of 21.77, a P/E/G ratio of 1.58 and a beta of 0.98. The stock’s 50 day moving average is $79.17 and its 200 day moving average is $84.07.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, July 28th. The company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The Ensign Group had a return on equity of 20.82% and a net margin of 7.54%. The company had revenue of $638.54 million for the quarter, compared to analyst estimates of $649.03 million. On average, research analysts anticipate that The Ensign Group, Inc. will post 3.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 31st. Shareholders of record on Thursday, September 30th will be issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 0.29%. The ex-dividend date is Wednesday, September 29th. The Ensign Group’s dividend payout ratio (DPR) is 7.14%.

In other The Ensign Group news, Director Daren Shaw sold 500 shares of the business’s stock in a transaction on Monday, July 19th. The stock was sold at an average price of $86.37, for a total value of $43,185.00. Following the sale, the director now directly owns 46,111 shares of the company’s stock, valued at $3,982,607.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.

ENSG has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on The Ensign Group in a research note on Tuesday, June 22nd. They set a “buy” rating on the stock. Truist Securities reduced their target price on The Ensign Group from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Truist dropped their price target on The Ensign Group from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $87.40.

The Ensign Group Profile

The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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