Mary Lourdes Gibbons Sells 5,000 Shares of Essent Group Ltd. (NYSE:ESNT) Stock

Essent Group Ltd. (NYSE:ESNT) SVP Mary Lourdes Gibbons sold 5,000 shares of the stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $46.09, for a total transaction of $230,450.00. Following the transaction, the senior vice president now owns 211,412 shares in the company, valued at $9,743,979.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Mary Lourdes Gibbons also recently made the following trade(s):

  • On Monday, January 11th, Mary Lourdes Gibbons sold 3,850 shares of Essent Group stock. The shares were sold at an average price of $48.09, for a total transaction of $185,146.50.

Essent Group stock opened at $48.17 on Thursday. Essent Group Ltd. has a one year low of $17.52 and a one year high of $52.99. The company has a 50-day simple moving average of $44.81 and a 200-day simple moving average of $39.81. The firm has a market capitalization of $5.42 billion, a P/E ratio of 11.28 and a beta of 1.38.

Essent Group (NYSE:ESNT) last posted its earnings results on Friday, November 6th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. Essent Group had a net margin of 46.59% and a return on equity of 12.97%. The firm had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.48 million. During the same period in the previous year, the business posted $1.47 EPS. Essent Group’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Essent Group Ltd. will post 3.95 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. M&T Bank Corp grew its holdings in Essent Group by 3.1% in the 3rd quarter. M&T Bank Corp now owns 12,388 shares of the financial services provider’s stock worth $458,000 after buying an additional 377 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Essent Group by 1.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 28,100 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 500 shares during the period. King Luther Capital Management Corp boosted its position in Essent Group by 0.9% during the 3rd quarter. King Luther Capital Management Corp now owns 60,560 shares of the financial services provider’s stock worth $2,241,000 after acquiring an additional 525 shares during the period. State of Michigan Retirement System grew its stake in shares of Essent Group by 1.5% in the third quarter. State of Michigan Retirement System now owns 40,900 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 600 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Essent Group by 142.1% during the third quarter. Harbor Investment Advisory LLC now owns 1,070 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 628 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

ESNT has been the subject of a number of research reports. MKM Partners lifted their price target on Essent Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. BTIG Research lifted their target price on Essent Group from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, December 17th. ValuEngine raised Essent Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Monday, November 23rd. Finally, Royal Bank of Canada boosted their target price on shares of Essent Group from $39.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.58.

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. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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