Essent Group Ltd. (NYSE:ESNT) Trading Volume Significantly Higher

In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of Essent Group stock in a transaction on Friday, June 30th. Also, VP David B. Weinstock sold 2,000 shares of the firm's stock in a transaction dated Friday, July 14th. The fund purchased 9,247 shares of the financial services provider's stock, valued at approximately $334,000. Vanguard Group Inc. boosted its stake in shares of Essent Group by 9.1% in the second quarter.

On Friday, August 4th, Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock. Mary Lourdes Gibbons, SVP and Chief Legal Officer disclosed the sale of 393 shares of ESNT stock.

ILLEGAL ACTIVITY WARNING: "Essent Group Ltd. (ESNT) Sets New 1-Year High on Earnings Beat" was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze.

The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 13.87 and a beta of 1.14. The firm has a 50-day moving average price of $38.36 and a 200 day moving average price of $36.73. The firm owned 66,100 shares of the financial services provider's stock after buying an additional 500 shares during the period. The shares were sold at an average price of $38.51, for a total transaction of $77,020.00.

Want to see what other hedge funds are holding ESNT? Essent Group Ltd (NYSE:ESNT) has risen 81.69% since August 17, 2016 and is uptrending. Insiders sold 31,918 shares of company stock worth $1,244,860 over the last ninety days. Bank of America Corporation raised shares of Essent Group from an "underperform" rating to a "buy" rating and raised their target price for the stock from $38.00 to $43.00 in a report on Tuesday, May 9th. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Essent Group by 10.1% in the second quarter. James Investment Research Inc. acquired a new position in Essent Group during the first quarter valued at approximately $144,000. Finally, Cim LLC raised its position in Essent Group by 2.9% in the first quarter.

Barrett Asset Management Llc decreased Visa Inc Com Cl A (V) stake by 1.33% reported in 2016Q4 SEC filing. Walleye Trading Llc holds 0% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 9,882 shares. The rating was maintained by Keefe Bruyette & Woods on Monday, August 7 with "Hold". The rating was downgraded by Keefe Bruyette & Woods to "Market Perform" on Friday, August 5. O Shaughnessy Asset Management LLC bought a new stake in Essent Group during the first quarter valued at $120,000. About 50 shares traded. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.09. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider's stock worth $117,000 after buying an additional 288 shares in the last quarter. They now have a "buy" rating on the stock. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $131.99 million.

Essent Group Ltd. has a one year low of $25.67 and a one year high of $41.44. Announces Amended and Extended $375 Million Credit Facility" on May 18, 2017, also Businesswire.com with their article: "Essent Group Ltd. During the same quarter previous year, the company posted $0.57 earnings per share. Barclays PLC increased their price target on shares of Essent Group from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, May 8th.

Several equities analysts have commented on the stock.

COPYRIGHT VIOLATION NOTICE: This story was first published by BNB Daily and is owned by of BNB Daily. The disclosure for this sale can be found here. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of USA & global copyright and trademark legislation. Following the sale, the chief financial officer now directly owns 275,285 shares in the company, valued at approximately $10,741,620.70. Basswood Capital Mgmt Limited Liability Company owns 130,392 shares or 0.19% of their United States portfolio. The company has an average rating of "Buy" and a consensus target price of $43.50. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.

Pine Brook Road Advisors Lp who had been investing in Essent Group Ltd for a number of months, seems to be less bullish one the $3.84 billion market cap company. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

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