The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,191 shares of the company's stock after purchasing an additional 6,897 shares during the quarter. Sei Investments Co. owned approximately 0.53% of The Ensign Group worth $40,282,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in The Ensign Group in the 4th quarter valued at about $25,000. Avior Wealth Management LLC increased its holdings in shares of The Ensign Group by 190.1% in the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company's stock valued at $27,000 after purchasing an additional 135 shares during the last quarter. Venturi Wealth Management LLC lifted its position in The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company's stock worth $28,000 after buying an additional 125 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in The Ensign Group by 38.8% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company's stock worth $47,000 after buying an additional 99 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in The Ensign Group during the fourth quarter worth $80,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENSG has been the topic of several recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Macquarie raised their price target 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. Finally, Truist Financial cut 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

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Insiders Place Their Bets

In other The Ensign Group news, Chairman Christopher R. Christensen sold 39,086 shares of The Ensign Group stock in a transaction 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 $1,862,292.28. This trade represents a 75.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the sale, the director now owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. This represents a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,186 shares of company stock worth $6,345,115. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Stock Performance

Shares of ENSG traded up $0.30 during mid-day trading on Friday, hitting $128.74. 305,417 shares of the company's stock were exchanged, compared to its average volume of 414,691. The business's 50 day moving average is $132.31 and its two-hundred day moving average is $140.15. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.40 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

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

The Ensign Group Dividend Announcement

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

About The Ensign Group

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.