Essent Group Ltd. (NYSE:ESNT) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC decreased its holdings in Essent Group Ltd. (NYSE:ESNT - Free Report) by 60.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the financial services provider's stock after selling 8,508 shares during the period. Measured Wealth Private Client Group LLC's holdings in Essent Group were worth $300,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Essent Group by 726.8% during the 3rd quarter. UMB Bank n.a. now owns 463 shares of the financial services provider's stock worth $30,000 after purchasing an additional 407 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Essent Group in the third quarter worth approximately $32,000. R Squared Ltd bought a new position in Essent Group during the fourth quarter valued at approximately $63,000. Advisors Asset Management Inc. lifted its stake in Essent Group by 53.9% in the third quarter. Advisors Asset Management Inc. now owns 1,362 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 477 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Essent Group by 51.9% in the third quarter. GAMMA Investing LLC now owns 1,803 shares of the financial services provider's stock worth $116,000 after acquiring an additional 616 shares in the last quarter. 93.00% of the stock is owned by hedge funds and other institutional investors.

Essent Group Stock Down 0.6 %

ESNT traded down $0.37 during trading on Monday, hitting $58.14. The company's stock had a trading volume of 254,969 shares, compared to its average volume of 740,366. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 2.75 and a beta of 1.11. The firm's 50 day moving average price is $56.03 and its two-hundred day moving average price is $59.23. Essent Group Ltd. has a 12 month low of $51.32 and a 12 month high of $65.33.

Analyst Ratings Changes

ESNT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Essent Group from $75.00 to $72.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Essent Group from $67.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada reduced their price objective on shares of Essent Group from $73.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Barclays lowered shares of Essent Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $69.00 to $58.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut their target price on shares of Essent Group from $68.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.71.

Essent Group Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.