Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Essent Group Ltd shares valued at $127,180 were sold by WEINSTOCK DAVID B on Sep 18 ’24. At $63.59 per share, WEINSTOCK DAVID B sold 2,000 shares. The insider’s holdings dropped to 25,416 shares worth approximately $1.42 million following the completion of this transaction.
Also, WEINSTOCK DAVID B purchased 2,000 shares, netting a total of over 127,179 in proceeds.
Before that, KASMAR ROY JAMES had sold 5,000 shares from its account. In a trade valued at $294,050, the Director traded Essent Group Ltd shares for $58.81 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.52 million.
As published in a research note from Barclays on January 06, 2025, Essent Group Ltd [ESNT] has been rated down from an Overweight to an Equal weight and the price target has been revised to $58 from $69. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early August. As of April 03, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for ESNT. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for ESNT stock.
Analyzing ESNT Stock Performance
During the last five days, there has been a drop of approximately -3.89%. Over the course of the year, Essent Group Ltd shares have jumped approximately 2.57%. Shares of the company reached a 52-week high of $59.65 on 01/28/25 and a 52-week low of $53.55 on 01/06/25. A 50-day SMA is recorded $56.20, while a 200-day SMA reached $58.53. Nevertheless, trading volume fell to 1.25 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Essent Group Ltd (ESNT)
According to the 24-hour chart, there is a support level at 55.26, which, if violated, would cause prices to drop to 54.69. In the upper region, resistance lies at 56.37. The next price resistance is at 56.91. RSI (Relative Strength Index) is 40.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.63, which suggests the price will decrease in the coming days. Percent R is at 85.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
