Legal & General Group Plc Has $1.40 Million Holdings in Essent Group Ltd (ESNT)

Legal & General Group Plc raised its stake in shares of Essent Group Ltd (NYSE:ESNT) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,046 shares of the financial services provider’s stock after buying an additional 7,218 shares during the quarter. Legal & General Group Plc’s holdings in Essent Group were worth $1,403,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ESNT. 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 purchasing an additional 295 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of 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 purchasing an additional 800 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Essent Group during the fourth quarter worth $47,000. Toronto Dominion Bank acquired a new stake in shares of Essent Group during the fourth quarter worth $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 purchasing an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 92.12% of the company’s stock.

Shares of Essent Group stock opened at $45.09 on Monday. Essent Group Ltd has a twelve month low of $31.08 and a twelve month high of $47.94. The firm has a market capitalization of $4.43 billion, a P/E ratio of 9.30, a PEG ratio of 0.86 and a beta of 1.49.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, February 8th. The financial services provider reported $1.31 earnings per share for the quarter, beating the Zacks’ 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 earned $0.79 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts forecast that Essent Group Ltd will post 5.22 EPS for the current fiscal year.

In other Essent Group news, SVP Mary Lourdes Gibbons sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total value of $369,000.00. Following the transaction, the senior vice president now directly 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 is available at the SEC website. Also, SVP Vijay Bhasin sold 45,315 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $44.50, for a total value of $2,016,517.50. Following the completion of the transaction, the senior vice president now directly owns 194,302 shares in the company, valued at $8,646,439. The disclosure for this sale can be found here. Insiders sold 139,322 shares of company stock worth $6,164,131 in the last quarter. 2.90% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on ESNT shares. ValuEngine upgraded Essent Group from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Thursday, January 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.

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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.

See Also: Cost of equity and a company’s balance sheet

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

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