Segall Bryant & Hamill LLC Purchases 7,123 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Segall Bryant & Hamill LLC grew its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,422 shares of the company's stock after purchasing an additional 7,123 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.51% of The Ensign Group worth $41,625,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in The Ensign Group by 294.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company's stock worth $1,203,000 after purchasing an additional 7,262 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of The Ensign Group by 14.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company's stock worth $6,486,000 after acquiring an additional 6,583 shares during the last quarter. Renaissance Technologies LLC bought a new stake in The Ensign Group during the 2nd quarter valued at about $3,500,000. AXA S.A. raised its holdings in shares of The Ensign Group by 9.4% in the second quarter. AXA S.A. now owns 54,627 shares of the company's stock valued at $6,757,000 after acquiring an additional 4,684 shares in the last quarter. Finally, BDF Gestion bought a new stake in The Ensign Group during the 2nd quarter valued at $1,577,000. Institutional investors own 96.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Oppenheimer raised their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Stephens increased their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Truist Financial increased their price target on The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, The Ensign Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

The Ensign Group Stock Down 1.6 %

NASDAQ ENSG traded down $2.25 on Wednesday, reaching $142.31. The company had a trading volume of 104,592 shares, compared to its average volume of 377,607. The firm has a market capitalization of $8.15 billion, a PE ratio of 35.00, a P/E/G ratio of 1.91 and a beta of 0.95. 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 firm has a 50-day moving average of $149.10 and a 200-day moving average of $137.52. The Ensign Group, Inc. has a 1 year low of $104.18 and a 1 year high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the business posted $1.10 earnings per share. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 5 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The Ensign Group's dividend payout ratio is currently 5.81%.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 11,118 shares of company stock worth $1,660,200 in the last quarter. 3.90% of the stock is owned by company insiders.

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.