Corebridge Financial Inc. Trims Stock Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Corebridge Financial Inc. lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,588 shares of the company's stock after selling 4,724 shares during the quarter. Corebridge Financial Inc. owned 0.16% of The Ensign Group worth $12,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in The Ensign Group by 42.3% during the third quarter. FMR LLC now owns 1,995,971 shares of the company's stock worth $287,061,000 after acquiring an additional 593,779 shares during the last quarter. Geode Capital Management LLC raised its position in shares of The Ensign Group by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company's stock worth $196,181,000 after purchasing an additional 66,314 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of The Ensign Group by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 944,077 shares of the company's stock worth $125,430,000 after purchasing an additional 7,542 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in The Ensign Group by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company's stock valued at $115,143,000 after buying an additional 23,381 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in The Ensign Group by 54.6% during the 3rd quarter. Wellington Management Group LLP now owns 649,764 shares of the company's stock valued at $93,449,000 after buying an additional 229,586 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENSG. Truist Financial lowered their price target on shares of The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a report on Monday, January 6th. Macquarie lifted their price objective on The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Finally, Stephens reissued an "overweight" rating and issued a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

The Ensign Group Trading Up 0.2 %

Shares of ENSG stock traded up $0.30 on Friday, reaching $128.74. 305,417 shares of the stock were exchanged, compared to its average volume of 414,691. The Ensign Group, Inc. has a 1-year low of $113.27 and a 1-year high of $158.45. The stock has a market cap of $7.40 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $132.31 and a two-hundred day moving average of $140.00.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. On average, research analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.19%. The Ensign Group's dividend payout ratio (DPR) is 4.89%.

Insiders Place Their Bets

In other news, Chairman Christopher R. Christensen sold 39,086 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total value of $5,805,052.72. Following the completion of the sale, the chairman now owns 12,539 shares of the company's stock, valued at $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total value of $93,401.00. Following the sale, the director now owns 30,852 shares in the company, valued at approximately $4,116,582.36. The trade was a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,186 shares of company stock worth $6,345,115 over the last ninety days. 3.90% of the stock is owned by company insiders.

The Ensign Group Company Profile

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.