Renaissance Group LLC Buys 2,804 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Renaissance Group LLC boosted its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,457 shares of the company's stock after purchasing an additional 2,804 shares during the period. Renaissance Group LLC's holdings in The Ensign Group were worth $3,781,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Synovus Financial Corp lifted its holdings in The Ensign Group by 90.2% in the third quarter. Synovus Financial Corp now owns 14,618 shares of the company's stock valued at $2,102,000 after buying an additional 6,931 shares during the period. Sanctuary Advisors LLC boosted its position in shares of The Ensign Group by 67.9% during the third quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company's stock valued at $2,038,000 after buying an additional 5,632 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in The Ensign Group by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 379,608 shares of the company's stock worth $54,595,000 after buying an additional 78,570 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of The Ensign Group in the fourth quarter valued at about $1,099,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of The Ensign Group by 59.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 68,437 shares of the company's stock worth $9,843,000 after buying an additional 25,383 shares in the last quarter. Institutional investors own 96.12% of the company's stock.

Insider Activity at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 39,086 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total value of $5,805,052.72. Following the transaction, the chairman now owns 12,539 shares in the company, valued at approximately $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $138.48, for a total transaction of $96,936.00. Following the sale, the director now owns 30,752 shares of the company's stock, valued at $4,258,536.96. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,486 shares of company stock valued at $6,251,714. Insiders own 3.90% of the company's stock.

The Ensign Group Price Performance

NASDAQ:ENSG traded up $0.54 during trading hours on Monday, hitting $128.50. The stock had a trading volume of 63,856 shares, compared to its average volume of 424,313. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.52 and a beta of 0.91. The Ensign Group, Inc. has a one year low of $113.27 and a one year high of $158.45. The company has a 50 day simple moving average of $129.52 and a two-hundred day simple moving average of $138.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast 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 Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.19%. The Ensign Group's dividend payout ratio (DPR) is 4.89%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENSG shares. Stephens reaffirmed an "overweight" rating and set a $155.00 target price on shares of The Ensign Group in a research report on Thursday, February 6th. Macquarie upped their price target 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, Truist Financial lowered their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. One investment 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 Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.17.

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.