The Ensign Group (NASDAQ:ENSG) Director Sells $26,033.26 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John Agwunobi sold 146 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $178.31, for a total transaction of $26,033.26. Following the sale, the director directly owned 9,087 shares in the company, valued at $1,620,302.97. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The Ensign Group Trading Down 1.6%

ENSG stock traded down $2.89 during mid-day trading on Thursday, reaching $174.99. The company’s stock had a trading volume of 325,648 shares, compared to its average volume of 299,668. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $193.99. The business’s 50 day moving average price is $178.51 and its 200 day moving average price is $171.00. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, equities research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, December 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is currently 4.65%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENSG. Stephens lifted their target price on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. UBS Group restated a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of The Ensign Group in a report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $206.00 price objective (up previously from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Truist Financial upped their price objective on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.40.

Institutional Investors Weigh In On The Ensign Group

Several hedge funds have recently made changes to their positions in ENSG. CWM LLC boosted its position in shares of The Ensign Group by 8.4% in the 3rd quarter. CWM LLC now owns 732 shares of the company’s stock worth $126,000 after purchasing an additional 57 shares in the last quarter. Profund Advisors LLC boosted its holdings in The Ensign Group by 2.5% in the third quarter. Profund Advisors LLC now owns 2,378 shares of the company’s stock worth $411,000 after acquiring an additional 59 shares in the last quarter. UMB Bank n.a. boosted its holdings in The Ensign Group by 7.3% in the third quarter. UMB Bank n.a. now owns 911 shares of the company’s stock worth $157,000 after acquiring an additional 62 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of The Ensign Group by 6.4% during the second quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock worth $184,000 after acquiring an additional 72 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of The Ensign Group by 4.1% during the third quarter. HB Wealth Management LLC now owns 1,810 shares of the company’s stock valued at $313,000 after acquiring an additional 72 shares in the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Company Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.