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 Friday, August 4th. The stock was sold at an average price of $40.01, for a total value of $184,046.00. Following the completion of the sale, the senior vice president now directly owns 267,502 shares of the company’s stock, valued at approximately $10,702,755.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 7th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. The shares were sold at an average price of $41.04, for a total value of $188,784.00.
  • On Tuesday, July 18th, Mary Lourdes Gibbons sold 393 shares of Essent Group stock. The shares were 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 shares were sold at an average price of $39.00, for a total value of $164,073.00.

Shares of Essent Group Ltd. (NYSE ESNT) traded down 1.43% during trading on Friday, reaching $37.87. The company had a trading volume of 693,326 shares. Essent Group Ltd. has a 12 month low of $25.68 and a 12 month high of $41.44. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 13.48 and a beta of 1.14. The firm has a 50 day moving average price of $38.60 and a 200 day moving average price of $36.82.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business 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 company’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Analysts predict that Essent Group Ltd. will post $3.08 earnings per share for the current year.

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Several equities analysts have weighed in on ESNT shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of Essent Group in a report on Friday, April 28th. Bank of America Corporation upgraded Essent Group from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $43.00 in a research note on Tuesday, May 9th. Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded Essent Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, BidaskClub lowered Essent Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $43.50.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Essent Group during the fourth quarter worth $10,106,000. Norges Bank bought a new stake in shares of Essent Group during the fourth quarter worth $21,161,000. Teachers Advisors LLC raised its stake in shares of Essent Group by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 778,569 shares of the financial services provider’s stock worth $25,202,000 after buying an additional 46,966 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Essent Group by 26.0% in the fourth quarter. Macquarie Group Ltd. now owns 853,200 shares of the financial services provider’s stock worth $27,618,000 after buying an additional 176,142 shares during the last quarter. Finally, Cim LLC raised its stake in shares of Essent Group by 2.9% in the first quarter. Cim LLC now owns 17,110 shares of the financial services provider’s stock worth $619,000 after buying an additional 480 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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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