Wellington Management Group LLP Has $77.27 Million Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Wellington Management Group LLP lowered its position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 581,561 shares of the company's stock after selling 68,203 shares during the quarter. Wellington Management Group LLP owned 1.01% of The Ensign Group worth $77,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENSG. Arrowstreet Capital Limited Partnership raised its position in The Ensign Group by 54.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 252,294 shares of the company's stock valued at $33,520,000 after purchasing an additional 88,643 shares during the period. Intrust Bank NA increased its holdings in The Ensign Group by 2.8% in the fourth quarter. Intrust Bank NA now owns 4,239 shares of the company's stock valued at $563,000 after buying an additional 117 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of The Ensign Group by 16.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,872 shares of the company's stock valued at $1,179,000 after purchasing an additional 1,253 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of The Ensign Group during the fourth quarter valued at approximately $1,649,000. Finally, Norges Bank bought a new position in shares of The Ensign Group during the fourth quarter valued at approximately $90,747,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Analysts Set New Price Targets

ENSG has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a report on Monday, January 6th. Stephens reaffirmed an "overweight" rating and set a $155.00 price target on shares of The Ensign Group in a research note on Thursday, February 6th. Finally, Macquarie increased their price objective 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average target price of $165.17.

Insiders Place Their Bets

In other news, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the sale, the director now directly owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. This trade represents a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Christopher R. Christensen sold 39,086 shares of the firm's stock in a transaction dated 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 completion of the sale, the chairman now directly owns 12,539 shares in the company, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,486 shares of company stock valued at $6,251,714 over the last three months. 3.90% of the stock is currently owned by insiders.

The Ensign Group Stock Down 2.5 %

Shares of NASDAQ:ENSG traded down $3.21 during midday trading on Thursday, hitting $126.09. 31,793 shares of the stock were exchanged, compared to its average volume of 423,967. 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 Ensign Group, Inc. has a 52-week low of $113.27 and a 52-week high of $158.45. The business's fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $138.54. The company has a market capitalization of $7.24 billion, a PE ratio of 24.93, a P/E/G ratio of 1.52 and a beta of 0.91.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 earnings per share (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%. As a group, research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.20%. The Ensign Group's dividend payout ratio is 4.89%.

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.