The Ensign Group, Inc. (NASDAQ:ENSG) declared a quarterly dividend on Thursday, June 20th, Fidelity reports. Investors of record on Sunday, June 30th will be given a dividend of 0.0475 per share on Wednesday, July 31st. This represents a $0.19 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, June 27th.
The Ensign Group has raised its dividend by an average of 6.3% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. The Ensign Group has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Ensign Group to earn $2.37 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 8.0%.
ENSG traded down $0.20 during mid-day trading on Tuesday, hitting $56.32. 216,222 shares of the stock were exchanged, compared to its average volume of 255,204. The firm’s fifty day moving average price is $55.03. The Ensign Group has a 1-year low of $34.69 and a 1-year high of $58.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market cap of $3.00 billion, a P/E ratio of 31.46, a PEG ratio of 1.79 and a beta of 0.85.
In related news, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $158,552.94. Following the completion of the sale, the chief financial officer now directly owns 223,216 shares of the company’s stock, valued at approximately $11,868,394.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $46,151.56. Following the sale, the vice president now directly owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,547 shares of company stock valued at $242,252. Insiders own 6.70% of the company’s stock.
A number of research analysts have recently commented on the company. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Oppenheimer increased their price objective on The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $44.17.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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