The Ensign Group, Inc. $ENSG Position Raised by Vest Financial LLC

Vest Financial LLC increased its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 24.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 22,415 shares of the company’s stock after buying an additional 4,472 shares during the quarter. Vest Financial LLC’s holdings in The Ensign Group were worth $3,458,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ENSG. Rise Advisors LLC increased its holdings in shares of The Ensign Group by 114.0% in the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of The Ensign Group by 116.7% in the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after buying an additional 112 shares in the last quarter. WPG Advisers LLC bought a new position in shares of The Ensign Group in the first quarter valued at $27,000. Financial Management Professionals Inc. bought a new position in shares of The Ensign Group in the second quarter valued at $28,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of The Ensign Group in the first quarter valued at $36,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.6%

The Ensign Group stock opened at $178.00 on Wednesday. The company’s fifty day simple moving average is $169.78 and its 200-day simple moving average is $151.37. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $179.27. The stock has a market cap of $10.27 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.03 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $1.32 EPS. The Ensign Group’s revenue was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, sell-side analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 30th. The Ensign Group’s payout ratio is currently 4.54%.

Insider Activity at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the transaction, the director directly owned 27,052 shares in the company, valued at $4,654,567.12. The trade was a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ENSG shares. UBS Group upped their price target on The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Stephens boosted their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Truist Financial set a $190.00 target price on shares of The Ensign Group in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $176.83.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.