Essent Group Ltd (NYSE:ESNT) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in Essent Group Ltd (NYSE:ESNT) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 437,935 shares of the financial services provider’s stock after acquiring an additional 14,846 shares during the quarter. Russell Investments Group Ltd.’s holdings in Essent Group were worth $20,946,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ESNT. GHP Investment Advisors Inc. lifted its holdings in Essent Group by 35.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 57,672 shares of the financial services provider’s stock valued at $2,710,000 after purchasing an additional 14,940 shares in the last quarter. Carroll Financial Associates Inc. purchased a new position in shares of Essent Group during the 2nd quarter worth $146,000. Unigestion Holding SA raised its holdings in shares of Essent Group by 6.9% during the 2nd quarter. Unigestion Holding SA now owns 74,475 shares of the financial services provider’s stock worth $3,500,000 after acquiring an additional 4,798 shares during the period. Alberta Investment Management Corp raised its holdings in shares of Essent Group by 10.2% during the 2nd quarter. Alberta Investment Management Corp now owns 87,700 shares of the financial services provider’s stock worth $4,121,000 after acquiring an additional 8,100 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Essent Group by 1.7% during the 2nd quarter. BlackRock Inc. now owns 7,962,417 shares of the financial services provider’s stock worth $374,154,000 after acquiring an additional 133,818 shares during the period. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Wednesday, October 23rd. Deutsche Bank reiterated a “buy” rating on shares of Essent Group in a report on Monday, October 28th. BTIG Research reiterated a “buy” rating and set a $54.00 price target on shares of Essent Group in a report on Sunday, August 4th. ValuEngine upgraded Essent Group from a “strong sell” rating to a “sell” rating in a report on Thursday, October 24th. Finally, Peel Hunt reiterated a “buy” rating on shares of Essent Group in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Essent Group currently has a consensus rating of “Buy” and a consensus target price of $55.00.

In related news, CAO David B. Weinstock sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $48.30, for a total value of $96,600.00. Following the sale, the chief accounting officer now directly owns 22,118 shares in the company, valued at approximately $1,068,299.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mary Lourdes Gibbons sold 2,381 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $53.01, for a total transaction of $126,216.81. Following the completion of the sale, the senior vice president now owns 212,785 shares in the company, valued at $11,279,732.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,381 shares of company stock worth $414,217. 2.90% of the stock is owned by insiders.

ESNT traded up $1.02 on Friday, hitting $53.67. The company had a trading volume of 751,197 shares, compared to its average volume of 572,360. The firm has a market cap of $5.16 billion, a P/E ratio of 11.07, a PEG ratio of 0.96 and a beta of 1.22. Essent Group Ltd has a 1 year low of $31.08 and a 1 year high of $53.75. The company’s fifty day moving average price is $50.22 and its 200 day moving average price is $48.24.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, November 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $226.39 million for the quarter, compared to analyst estimates of $216.35 million. Essent Group had a net margin of 64.34% and a return on equity of 21.05%. Essent Group’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. On average, equities research analysts predict that Essent Group Ltd will post 5.48 EPS for the current year.

Essent Group Company 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.

Read More: Mutual funds are not immune from market timing

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

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