Toronto Dominion Bank bought a new stake in Essent Group Ltd (NYSE:ESNT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,763 shares of the financial services provider’s stock, valued at approximately $60,000.
Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Essent Group by 9.1% in the third quarter. Capital Research Global Investors now owns 9,140,010 shares of the financial services provider’s stock worth $404,445,000 after acquiring an additional 759,064 shares during the period. FMR LLC grew its stake in Essent Group by 25.3% in the third quarter. FMR LLC now owns 8,638,849 shares of the financial services provider’s stock worth $382,269,000 after purchasing an additional 1,744,715 shares in the last quarter. BlackRock Inc. grew its stake in Essent Group by 2.9% in the third quarter. BlackRock Inc. now owns 7,482,244 shares of the financial services provider’s stock worth $331,089,000 after purchasing an additional 214,025 shares in the last quarter. Alliancebernstein L.P. grew its stake in Essent Group by 18.6% in the third quarter. Alliancebernstein L.P. now owns 2,946,507 shares of the financial services provider’s stock worth $130,383,000 after purchasing an additional 461,486 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Essent Group by 30.7% during the 3rd quarter. Macquarie Group Ltd. now owns 1,860,084 shares of the financial services provider’s stock valued at $82,309,000 after acquiring an additional 436,376 shares in the last quarter. Institutional investors own 91.57% of the company’s stock.
In other news, SVP Mary Lourdes Gibbons sold 9,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 217,412 shares of the company’s stock, valued at $8,913,892. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeff Cashmer sold 25,000 shares of the company’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $37.38, for a total transaction of $934,500.00. Following the completion of the transaction, the senior vice president now owns 118,395 shares of the company’s stock, valued at approximately $4,425,605.10. The disclosure for this sale can be found here. Insiders have sold a total of 43,000 shares of company stock worth $1,690,590 in the last ninety days. Insiders own 3.00% of the company’s stock.
Essent Group (NYSE:ESNT) last released its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.16. Essent Group had a return on equity of 21.90% and a net margin of 64.97%. The firm had revenue of $193.10 million for the quarter, compared to analysts’ expectations of $189.76 million. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts expect 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 recent research reports. Zacks Investment Research lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine upgraded shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Barclays set a $52.00 price objective on shares of Essent Group and gave the company a “buy” rating in a research note on Friday, December 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.00.
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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.
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