Essent Group (NYSE:ESNT) SVP Vijay Bhasin Sells 483 Shares of Stock

Essent Group Ltd. (NYSE:ESNT) SVP Vijay Bhasin sold 483 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $70.00, for a total transaction of $33,810.00. Following the completion of the sale, the senior vice president directly owned 198,449 shares in the company, valued at $13,891,430. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Essent Group Price Performance

Shares of ESNT stock opened at $69.53 on Friday. The firm has a fifty day moving average of $63.96 and a two-hundred day moving average of $61.81. The firm has a market cap of $6.25 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.79 and a beta of 0.76. Essent Group Ltd. has a 1-year low of $55.34 and a 1-year high of $70.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.18 and a quick ratio of 1.32.

Essent Group (NYSE:ESNT) last issued its earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. Essent Group had a net margin of 51.45% and a return on equity of 11.91%. The business had revenue of $362.69 million for the quarter. As a group, research analysts anticipate that Essent Group Ltd. will post 7.42 earnings per share for the current fiscal year.

Essent Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 2.0%. Essent Group’s dividend payout ratio is presently 19.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Essent Group from $65.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods boosted their target price on shares of Essent Group from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Essent Group from a “hold” rating to a “buy” rating in a report on Saturday. Barclays raised their price target on shares of Essent Group from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Finally, Roth Capital lifted their price target on shares of Essent Group from $65.00 to $80.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Essent Group in the third quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Essent Group during the third quarter worth about $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of Essent Group in the 4th quarter worth about $27,000. Allworth Financial LP bought a new stake in Essent Group in the 2nd quarter valued at about $31,000. Finally, IFP Advisors Inc lifted its position in Essent Group by 97.1% in the 4th quarter. IFP Advisors Inc now owns 676 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 333 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors.

Essent Group Company Profile

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.