1 week Ago By Defense World Staff
Prudential Financial Inc. decreased its holdings in shares of Essent Group Ltd. (NYSE:ESNT – Free Report) by 3.
1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,098 shares of the financial services provider’s stock after selling 290 shares during the quarter. Prudential Financial Inc.
’s holdings in Essent Group were worth $495,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also recently bought and sold shares of ESNT. Mainstream Capital Management LLC purchased a new position in Essent Group during the 4th quarter valued at about $25,000.
Picton Mahoney Asset Management boosted its holdings in shares of Essent Group by 68.8% during the fourth quarter. Picton Mahoney Asset Management now owns 584 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 238 shares during the period.
US Bancorp DE grew its position in Essent Group by 53.3% during the fourth quarter. US Bancorp DE now owns 1,125 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 391 shares in the last quarter.
R Squared Ltd acquired a new position in Essent Group in the 4th quarter valued at approximately $63,000. Finally, Parkside Financial Bank & Trust lifted its position in Essent Group by 8.2% in the 4th quarter.
Parkside Financial Bank & Trust now owns 2,363 shares of the financial services provider’s stock worth $129,000 after buying an additional 180 shares in the last quarter. 93.00% of the stock is owned by institutional investors and hedge funds.
Essent Group Stock PerformanceESNT opened at $55.53 on Thursday. The company has a market cap of $5.
77 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.
80. The stock has a 50-day moving average of $56.40 and a 200-day moving average of $57.
42. Essent Group Ltd. has a 52-week low of $51.
61 and a 52-week high of $65.34. Essent Group (NYSE:ESNT – Get Free Report) last announced its quarterly earnings results on Friday, February 14th.
The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.
09). Essent Group had a net margin of 58.69% and a return on equity of 13.
35%. The company had revenue of $315.00 million for the quarter, compared to analyst estimates of $313.
88 million. During the same quarter last year, the business earned $1.64 EPS.
The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts predict that Essent Group Ltd.
will post 6.88 earnings per share for the current year. Essent Group Increases DividendThe company also recently announced a quarterly dividend, which was paid on Monday, March 24th.
Shareholders of record on Friday, March 14th were given a dividend of $0.31 per share. This is a positive change from Essent Group’s previous quarterly dividend of $0.
28. The ex-dividend date was Friday, March 14th. This represents a $1.
24 dividend on an annualized basis and a yield of 2.23%. Essent Group’s payout ratio is currently 18.
13%. Wall Street Analyst Weigh InSeveral equities analysts have recently commented on the stock. Barclays cut shares of Essent Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $69.
00 to $58.00 in a report on Monday, January 6th. JPMorgan Chase & Co.
upgraded Essent Group from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Tuesday. Keefe, Bruyette & Woods cut their price target on Essent Group from $71.
00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $67.
00 price target on shares of Essent Group in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.
71.Read Our Latest Analysis on ESNTEssent Group Profile (Free Report)Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.
Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.Featured ArticlesFive stocks we like better than Essent Group3 Home Improvement Stocks that Can Upgrade Your PortfolioQuantum Computing: The $6.
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