Essent Group Ltd. [ESNT] stock was sold by PAULS DOUGLAS J at the price of US$0.11 million


Essent Group Ltd.’s filing revealed that its Director PAULS DOUGLAS J unloaded Company’s shares for reported $0.11 million on Feb 15. In the deal valued at $43.49 per share,2,500 shares were sold. As a result of this transaction, PAULS DOUGLAS J now holds 26,575 shares worth roughly $ 1.02 million.

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Then, Gibbons Mary Lourdes sold 1,072 shares, generating $48,240 in total proceeds. Upon selling the shares at $45.00, the SVP and Chief Legal Officer now owns 247,293 shares.

Before that, Dutt Aditya sold 6,000 shares. Essent Group Ltd. shares valued at $235,380 were divested by the Director at a price of $39.23 per share. As a result of the transaction, Dutt Aditya now holds 23,023 shares, worth roughly $0.88 million.

Barclays downgraded its Essent Group Ltd. [ESNT] rating to an Equal weight from a an Overweight in a research note published on Tuesday, January 06, 2023; the price target was decreased to $43 from $54. PT values the company’s stock at a premium of 10.81 to its Tuesday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. JP Morgan also remained covering ESNT and has increased its forecast on April 11, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on December 13, 2021. It rated ESNT as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of ESNT

On Tuesday, Essent Group Ltd. [NYSE:ESNT] saw its stock jump 0.89% to $38.35. On the same session, the stock had its day’s lowest price of $38.09, but rose to a high of $40.15. Over the last five days, the stock has lost -11.82%. Essent Group Ltd. shares have fallen nearly -1.36% since the year began. Nevertheless, the stocks have fallen -6.07% over the past one year. While a 52-week high of $45.01 was reached on 02/02/23, a 52-week low of $34.27 was recorded on 03/13/23. SMA at 50 days reached $41.77, while 200 days put it at $39.87. A total of 0.91 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For ESNT Stock

The 24-hour chart illustrates a support level at 37.58, which if violated will result in even more drops to 36.80. On the upside, there is a resistance level at 39.64. A further resistance level may holdings at 40.92. The Relative Strength Index (RSI) on the 14-day chart is 26.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.42%. Stochastics %K at 13.99% indicates the stock is a buying.

How much short interest is there in Essent Group Ltd.?

A steep rise in short interest was recorded in Essent Group Ltd. stocks on Jan 30, 2023, dropping by -0.16 million shares to a total of 1.05 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.21 million shares. There was a decline of -15.24%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.46.

Essent Group Ltd. [ESNT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,238,857 shares, or roughly 12.25% of the outstanding ESNT shares. In other words, the investor’s shares have risen by 1,252,860 from its previous 13-F filing of 11985997.0. Additionally, The Vanguard Group, Inc. increased 3.00% of its stake after which the total value it holdings stand at $484,217,097, while Capital Research & Management Co added 0.10% of its stake to hold $450.58 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 364,063 shares of Essent Group Ltd., while SSgA Funds Management, Inc. bought 69,978 shares. At present, Cooke & Bieler LP is holding 3,954,215 shares valued at $169.83 million. Macquarie Investment Management B owned 3,889,462 shares of the company at the time of its most recent 13F filing, worth $167.05 million.

According to FactSet, Essent Group Ltd.’s share price will average $48.30 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.23 percent from its previous closing price of $38.01. Analysts expect Essent Group Ltd. stock to reach the higher price of $51.00, while the lowest price estimate is $43.00. However, 11 analysts have rated ESNT stock as an Overweight in their predictions for 2023.


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