Mary Lourdes Gibbons Sells 4,600 Shares of Essent Group Ltd. (NYSE:ESNT) Stock

Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 4,600 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.04, for a total value of $188,784.00. Following the completion of the transaction, the senior vice president now owns 262,902 shares in the company, valued at $10,789,498.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, August 4th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The stock was sold at an average price of $40.01, for a total value of $184,046.00.
  • On Tuesday, July 18th, Mary Lourdes Gibbons sold 393 shares of Essent Group stock. The stock was sold at an average price of $39.00, for a total value of $15,327.00.
  • On Monday, July 17th, Mary Lourdes Gibbons sold 4,207 shares of Essent Group stock. The stock was sold at an average price of $39.00, for a total value of $164,073.00.

Essent Group Ltd. (NYSE:ESNT) opened at 38.20 on Friday. Essent Group Ltd. has a 1-year low of $25.68 and a 1-year high of $41.44. The stock has a market capitalization of $3.57 billion, a P/E ratio of 13.59 and a beta of 1.14. The stock has a 50 day moving average price of $38.27 and a 200-day moving average price of $36.66.

Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The firm had revenue of $137.61 million for the quarter, compared to analyst estimates of $131.99 million. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Equities research analysts expect that Essent Group Ltd. will post $3.08 EPS for the current year.

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ESNT has been the topic of a number of research reports. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, July 26th. Deutsche Bank AG raised their price target on Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays PLC restated a “buy” rating on shares of Essent Group in a research note on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price target on shares of Essent Group in a research note on Friday, April 28th. Finally, BidaskClub downgraded Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.50.

Several large investors have recently made changes to their positions in ESNT. Sei Investments Co. raised its stake in shares of Essent Group by 2.6% in the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after buying an additional 74 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Essent Group by 14.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after buying an additional 360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Essent Group by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after buying an additional 288 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Essent Group during the first quarter worth $120,000. Finally, James Investment Research Inc. bought a new stake in shares of Essent Group during the first quarter worth $144,000. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

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