Moody Aldrich Partners buys $1,905,067 stake in Essent Group Ltd (ESNT)

Essent Group Ltd (ESNT) : Moody Aldrich Partners scooped up 50,065 additional shares in Essent Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 79,610 shares of Essent Group Ltd which is valued at $1,905,067.Essent Group Ltd makes up approximately 1.51% of Moody Aldrich Partners’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in ESNT in the latest quarter, The investment management firm added 7,400 additional shares and now holds a total of 51,300 shares of Essent Group Ltd which is valued at $1,227,609. Essent Group Ltd makes up approx 0.01% of Strs Ohio’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in ESNT in the latest quarter, The investment management firm added 3,539 additional shares and now holds a total of 269,284 shares of Essent Group Ltd which is valued at $6,411,652. Essent Group Ltd makes up approx 0.11% of Old Mutual Global Investors (uk) Ltd.’s portfolio.New York State Teachers Retirement System reduced its stake in ESNT by selling 100 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 4,800 shares of ESNT which is valued at $114,288.First Quadrant L Pca reduced its stake in ESNT by selling 11,500 shares or 74.19% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of ESNT which is valued at $97,080.

Essent Group Ltd (ESNT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $23.92 and reached the intraday high at $24.17. The bulls started the profit booking and pushed the shares to intraday low of $23.77. The trading session was marked by a volume range of 2,97,422 shares exchanging hands. The 52-week high of the shares is $29.545 and the 52-week low is $16.485. The market cap of the company stands at $2,230 M and there are 9,30,71,500 shares in public circulation.

On the company’s financial health, Essent Group Ltd reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.50. The company had revenue of $102.46 million for the quarter, compared to analysts expectations of $99.74 million. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Essent Group Ltd. Company shares were Reiterated by Compass Point on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

Essent Group Ltd. (Essent) is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. The Company offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The mortgage insurance operations are conducted through Essent Holdings’ regulated and licensed wholly owned subsidiaries Essent Guaranty Inc. (Essent Guaranty) and Essent Guaranty of PA Inc. (Essent PA). Essent Group also has a wholly owned Class 3A Insurer licensed pursuant to Section 4 Essent Reinsurance Ltd. (Essent Re) which offers mortgage-related insurance and reinsurance. The Company is licensed to write mortgage guaranty coverage in all 50 states and the District of Columbia. The Company operates additional underwriting and service centers in Winston-Salem North Carolina and Irvine California.

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