NumerixS Investment Technologies Inc trimmed its holdings in shares of Essent Group Ltd (NYSE:ESNT) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,932 shares of the financial services provider’s stock after selling 934 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Essent Group were worth $304,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Essent Group by 1.8% during the fourth quarter. FMR LLC now owns 8,798,551 shares of the financial services provider’s stock valued at $300,735,000 after purchasing an additional 159,702 shares during the last quarter. BlackRock Inc. boosted its position in shares of Essent Group by 0.3% during the first quarter. BlackRock Inc. now owns 7,828,599 shares of the financial services provider’s stock worth $340,153,000 after buying an additional 27,129 shares during the period. Macquarie Group Ltd. boosted its position in shares of Essent Group by 8.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,015,345 shares of the financial services provider’s stock worth $68,885,000 after buying an additional 155,261 shares during the period. APG Asset Management N.V. boosted its position in shares of Essent Group by 1.6% during the fourth quarter. APG Asset Management N.V. now owns 1,861,100 shares of the financial services provider’s stock worth $55,647,000 after buying an additional 29,000 shares during the period. Finally, Polar Capital LLP lifted its position in Essent Group by 2.8% in the fourth quarter. Polar Capital LLP now owns 1,825,000 shares of the financial services provider’s stock worth $62,379,000 after purchasing an additional 50,000 shares during the period. 90.04% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Jeff Cashmer sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $45.56, for a total transaction of $1,139,000.00. Following the completion of the sale, the senior vice president now owns 107,056 shares of the company’s stock, valued at $4,877,471.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lawrence E. Mcalee, Jr. sold 9,963 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $50.01, for a total transaction of $498,249.63. Following the sale, the chief financial officer now directly owns 217,241 shares of the company’s stock, valued at approximately $10,864,222.41. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.
Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. Essent Group had a net margin of 64.33% and a return on equity of 21.36%. The firm had revenue of $200.53 million during the quarter, compared to analysts’ expectations of $196.94 million. During the same period in the prior year, the company posted $1.13 earnings per share. Essent Group’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts predict that Essent Group Ltd will post 5.3 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.60.
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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