Engineers Gate Manager LP lifted its position in shares of Essent Group Ltd (NYSE:ESNT) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,272 shares of the financial services provider’s stock after acquiring an additional 38,154 shares during the quarter. Engineers Gate Manager LP’s holdings in Essent Group were worth $6,438,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its holdings in Essent Group by 26.4% during the second quarter. Parametric Portfolio Associates LLC now owns 110,244 shares of the financial services provider’s stock worth $4,094,000 after buying an additional 23,018 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Essent Group in the third quarter valued at about $420,000. 361 Capital LLC purchased a new stake in shares of Essent Group in the third quarter valued at about $2,118,000. Cipher Capital LP lifted its holdings in shares of Essent Group by 44.5% in the third quarter. Cipher Capital LP now owns 82,458 shares of the financial services provider’s stock valued at $3,340,000 after purchasing an additional 25,374 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Essent Group by 470.9% in the second quarter. Advisor Group Inc. now owns 8,192 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 6,757 shares in the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Andrew Turnbull sold 10,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the sale, the director now owns 45,409 shares of the company’s stock, valued at $2,043,405. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Glanville sold 3,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.88, for a total transaction of $134,640.00. The disclosure for this sale can be found here. Insiders have sold 34,013 shares of company stock valued at $1,546,045 in the last ninety days. 18.10% of the stock is currently owned by company insiders.
Shares of Essent Group Ltd (NYSE:ESNT) traded up $1.37 on Thursday, hitting $47.89. 390,265 shares of the company traded hands, compared to its average volume of 610,093. The stock has a market capitalization of $4,646.09, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.15. Essent Group Ltd has a fifty-two week low of $33.45 and a fifty-two week high of $50.08.
Essent Group (NYSE:ESNT) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. Essent Group had a net margin of 52.19% and a return on equity of 19.18%. The business had revenue of $150.20 million for the quarter, compared to the consensus estimate of $143.79 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. analysts forecast that Essent Group Ltd will post 3.07 earnings per share for the current year.
Essent Group 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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