Whittier Trust Co. Purchases Shares of 2,200 The Ensign Group, Inc. $ENSG

Whittier Trust Co. purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC raised its stake in The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after purchasing an additional 106 shares during the period. TCTC Holdings LLC raised its stake in The Ensign Group by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the period. WPG Advisers LLC acquired a new stake in The Ensign Group during the 1st quarter valued at $27,000. Financial Management Professionals Inc. acquired a new stake in The Ensign Group during the 2nd quarter valued at $28,000. Finally, Maseco LLP acquired a new stake in The Ensign Group during the 2nd quarter valued at $36,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Trading Up 0.3%

NASDAQ ENSG opened at $185.37 on Friday. The Ensign Group, Inc. has a 1-year low of $118.73 and a 1-year high of $186.63. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.70 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The firm’s fifty day simple moving average is $172.63 and its 200-day simple moving average is $153.76.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The Ensign Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.0625 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s dividend payout ratio is currently 4.54%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENSG. Truist Financial set a $190.00 target price on shares of The Ensign Group in a research note on Tuesday, October 14th. UBS Group boosted their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Stephens boosted their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.83.

Insider Buying and Selling

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total transaction of $120,442.00. Following the transaction, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by insiders.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.