News: Essent Group Ltd.’s SVP and Chief Legal Officer Gibbons Mary Lourdes reduceds 15,000 shares


Essent Group Ltd.’s recently made public that its SVP and Chief Legal Officer Gibbons Mary Lourdes unloaded Company’s shares for reported $0.75 million on Aug 23. In the deal valued at $49.80 per share,15,000 shares were sold. As a result of this transaction, Gibbons Mary Lourdes now holds 261,324 shares worth roughly $ 12.88 million.

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Then, WEINSTOCK DAVID B sold 2,000 shares, generating $103,760 in total proceeds. Upon selling the shares at $51.88, the SVP and CFO now owns 27,648 shares.

Before that, Bhasin Vijay sold 2,661 shares. Essent Group Ltd. shares valued at $134,567 were divested by the SVP and Chief Risk Officer at a price of $50.57 per share. As a result of the transaction, Bhasin Vijay now holds 214,444 shares, worth roughly $10.57 million.

Keefe Bruyette downgraded its Essent Group Ltd. [ESNT] rating to a Mkt perform from a an Outperform in a research note published on Tuesday. PT values the company’s stock at a premium of 1.4 to its Tuesday closing price.

Price Performance Review of ESNT

On Tuesday, Essent Group Ltd. [NYSE:ESNT] saw its stock fall -2.88% to $49.30. On the same session, the stock had its day’s lowest price of $48.75, but rose to a high of $50.43. Over the last five days, the stock has lost -2.16%. Essent Group Ltd. shares have risen nearly 26.80% since the year began. Nevertheless, the stocks have risen 26.15% over the past one year. While a 52-week high of $53.66 was reached on 08/07/23, a 52-week low of $34.27 was recorded on 03/16/23. SMA at 50 days reached $49.40, while 200 days put it at $43.44. A total of 0.55 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For ESNT Stock

The 24-hour chart illustrates a support level at 48.56, which if violated will result in even more drops to 47.81. On the upside, there is a resistance level at 50.24. A further resistance level may holdings at 51.17. The Relative Strength Index (RSI) on the 14-day chart is 41.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.41%. Stochastics %K at 34.90% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Essent Group Ltd. stocks on Aug 14, 2023, dropping by 25130.0 shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.83 million shares. There was a decline of -3.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.73.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,393,535 shares, or roughly 10.62% of the outstanding ESNT shares. In other words, the investor’s shares have fallen by -911,595 from its previous 13-F filing of 12305130.0. Additionally, The Vanguard Group, Inc. decreased -2.33% of its stake after which the total value it holdings stand at $556,494,541. Over the last quarter, Fidelity Management & Research Co sold -2,829 shares of Essent Group Ltd., while SSgA Funds Management, Inc. sold -9,752 shares. At present, Macquarie Investment Management B is holding 3,909,076 shares valued at $193.89 million. Cooke & Bieler LP owned 3,761,073 shares of the company at the time of its most recent 13F filing, worth $186.55 million.

According to FactSet, Essent Group Ltd.’s share price will average $56.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.32 percent from its previous closing price of $50.76. Analysts expect Essent Group Ltd. stock to reach the higher price of $65.00, while the lowest price estimate is $51.00. However, 10 analysts have rated ESNT stock as an Overweight in their predictions for 2023.


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