Intech Investment Management LLC Purchases 4,755 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Intech Investment Management LLC raised its holdings in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,591 shares of the company's stock after acquiring an additional 4,755 shares during the period. Intech Investment Management LLC's holdings in The Ensign Group were worth $3,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ENSG. Nisa Investment Advisors LLC increased its position in shares of The Ensign Group by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company's stock worth $1,538,000 after purchasing an additional 78 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of The Ensign Group by 7.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company's stock worth $157,000 after buying an additional 80 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of The Ensign Group by 1.8% in the 4th quarter. Equitable Trust Co. now owns 4,998 shares of the company's stock worth $664,000 after buying an additional 87 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of The Ensign Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,731 shares of the company's stock valued at $230,000 after buying an additional 87 shares in the last quarter. Finally, DeDora Capital Inc. lifted its holdings in shares of The Ensign Group by 1.4% during the 4th quarter. DeDora Capital Inc. now owns 7,188 shares of the company's stock worth $955,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

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The Ensign Group Trading Up 1.7 %

ENSG traded up $2.16 on Monday, hitting $130.40. 345,540 shares of the company were exchanged, compared to its average volume of 392,780. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a fifty day simple moving average of $132.85 and a two-hundred day simple moving average of $140.76. The stock has a market capitalization of $7.49 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its 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%. Sell-side analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.19%. The Ensign Group's payout ratio is presently 4.89%.

Insider Activity at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the completion of the transaction, the director now owns 30,852 shares in the company, valued at $4,116,582.36. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $129.66, for a total value of $259,320.00. Following the completion of the sale, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,186 shares of company stock worth $6,345,115 in the last 90 days. Company insiders own 3.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stephens restated an "overweight" rating and set a $155.00 price target on shares of The Ensign Group in a research report on Thursday, February 6th. Truist Financial decreased their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, Macquarie boosted their target price on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.17.

The Ensign Group 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.