Calamos Advisors LLC acquired a new stake in Essent Group Ltd (NYSE:ESNT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,110 shares of the financial services provider’s stock, valued at approximately $613,000.
Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in Essent Group by 34.7% during the fourth quarter. Advisor Group Inc. now owns 1,145 shares of the financial services provider’s stock worth $39,000 after buying an additional 295 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Essent Group by 170.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock worth $43,000 after buying an additional 800 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Essent Group during the fourth quarter worth approximately $47,000. Toronto Dominion Bank bought a new stake in Essent Group during the fourth quarter worth approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Essent Group by 12.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,888 shares of the financial services provider’s stock worth $201,000 after buying an additional 668 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.
In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $47.61, for a total value of $476,100.00. Following the completion of the sale, the chief financial officer now owns 219,883 shares in the company, valued at approximately $10,468,629.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mary Lourdes Gibbons sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total transaction of $369,000.00. Following the completion of the sale, the senior vice president now owns 217,412 shares of the company’s stock, valued at approximately $8,913,892. The disclosure for this sale can be found here. Insiders sold a total of 139,322 shares of company stock valued at $5,959,631 in the last ninety days. Company insiders own 2.90% of the company’s stock.
Essent Group stock opened at $45.63 on Tuesday. Essent Group Ltd has a 52 week low of $31.08 and a 52 week high of $47.94. The company has a market capitalization of $4.51 billion, a P/E ratio of 9.41, a PEG ratio of 0.87 and a beta of 1.49.
Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, February 8th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.16. Essent Group had a net margin of 64.97% and a return on equity of 21.90%. The firm had revenue of $193.10 million during the quarter, compared to analyst estimates of $189.76 million. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue was up 19.3% on a year-over-year basis. Analysts forecast that Essent Group Ltd will post 5.22 earnings per share for the current fiscal year.
ESNT has been the subject of a number of research reports. Zacks Investment Research cut shares of Essent Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.
About Essent Group
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.
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