Brandywine Global Investment Management LLC cut its holdings in shares of Essent Group Ltd (NYSE:ESNT) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,039 shares of the financial services provider’s stock after selling 3,094 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Essent Group were worth $11,465,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ESNT. Raymond James Financial Services Advisors Inc. boosted its position in Essent Group by 9.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 100,828 shares of the financial services provider’s stock worth $4,084,000 after acquiring an additional 8,762 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in Essent Group during the third quarter worth about $684,000. Swiss National Bank boosted its position in Essent Group by 19.5% during the third quarter. Swiss National Bank now owns 139,500 shares of the financial services provider’s stock worth $5,650,000 after acquiring an additional 22,800 shares during the last quarter. Alps Advisors Inc. purchased a new position in Essent Group during the third quarter worth about $488,000. Finally, Sei Investments Co. raised its stake in Essent Group by 182.6% during the third quarter. Sei Investments Co. now owns 8,211 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 5,305 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.
In related news, CEO Mark Casale sold 370,673 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.50, for a total transaction of $16,494,948.50. Following the sale, the chief executive officer now directly owns 1,845,356 shares of the company’s stock, valued at approximately $82,118,342. The sale was disclosed in a legal filing with the SEC, which is available through this link. 18.10% of the stock is owned by corporate insiders.
Shares of Essent Group Ltd (NYSE:ESNT) opened at $42.99 on Tuesday. The stock has a market cap of $4,220.00, a P/E ratio of 13.91, a PEG ratio of 0.98 and a beta of 1.14. Essent Group Ltd has a 52 week low of $33.45 and a 52 week high of $50.08.
Essent Group (NYSE:ESNT) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The firm had revenue of $161.77 million for the quarter, compared to the consensus estimate of $155.22 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. analysts anticipate that Essent Group Ltd will post 4.42 EPS for the current year.
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Essent Group Profile
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.
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