Essent Group Ltd (ESNT) Stake Raised by APG Asset Management N.V.

APG Asset Management N.V. grew its stake in Essent Group Ltd (NYSE:ESNT) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,861,100 shares of the financial services provider’s stock after acquiring an additional 29,000 shares during the period. APG Asset Management N.V. owned 1.90% of Essent Group worth $55,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of 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 acquiring an additional 295 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Essent Group by 170.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,270 shares of the financial services provider’s stock valued at $43,000 after buying an additional 800 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Essent Group in the fourth quarter valued at approximately $47,000. Toronto Dominion Bank acquired a new stake in shares of Essent Group in the fourth quarter valued at approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Essent Group by 12.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,888 shares of the financial services provider’s stock valued at $201,000 after buying an additional 668 shares in the last quarter. Institutional investors own 92.12% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine raised shares of Essent Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Essent Group currently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other news, SVP Vijay Bhasin sold 45,315 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $44.50, for a total transaction of $2,016,517.50. Following the sale, the senior vice president now owns 194,302 shares in the company, valued at approximately $8,646,439. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mary Lourdes Gibbons sold 9,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were 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 in the company, valued at approximately $8,913,892. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,322 shares of company stock valued at $6,164,131. Company insiders own 2.90% of the company’s stock.

ESNT traded down $0.16 during trading on Friday, reaching $45.09. 961,178 shares of the stock traded hands, compared to its average volume of 591,123. The stock has a market capitalization of $4.43 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49. Essent Group Ltd has a 12 month low of $31.08 and a 12 month high of $47.94.

Essent Group (NYSE:ESNT) last posted its earnings results on Friday, February 8th. The financial services provider reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Essent Group had a net margin of 64.97% and a return on equity of 21.90%. The company had revenue of $193.10 million for the quarter, compared to analyst estimates of $189.76 million. During the same quarter in the prior year, the business posted $0.79 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts forecast that Essent Group Ltd will post 5.22 EPS for the current fiscal year.

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

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