Robertson Opportunity Capital adds Essent Group Ltd (ESNT) to its portfolio

Essent Group Ltd (ESNT) : Robertson Opportunity Capital added new position in Essent Group Ltd during the most recent quarter end. The investment management firm now holds 80,000 shares of Essent Group Ltd which is valued at $2,068,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Essent Group Ltd makes up approximately 1.67% of Robertson Opportunity Capital’s portfolio.

Other Hedge Funds, Including , Skyline Asset Management Lp added ESNT to its portfolio by purchasing 856,350 company shares during the most recent quarter which is valued at $22,136,648. Essent Group Ltd makes up approx 1.53% of Skyline Asset Management Lp’s portfolio.Blackrock Advisors reduced its stake in ESNT by selling 330,894 shares or 36.39% in the most recent quarter. The Hedge Fund company now holds 578,413 shares of ESNT which is valued at $14,951,976. Essent Group Ltd makes up approx 0.02% of Blackrock Advisors’s portfolio. First Mercantile Trust Co added ESNT to its portfolio by purchasing 39,600 company shares during the most recent quarter which is valued at $1,023,660. Essent Group Ltd makes up approx 0.12% of First Mercantile Trust Co’s portfolio.Boston Partners boosted its stake in ESNT in the latest quarter, The investment management firm added 21,979 additional shares and now holds a total of 1,619,951 shares of Essent Group Ltd which is valued at $41,162,955. Essent Group Ltd makes up approx 0.06% of Boston Partners’s portfolio.Dupont Capital Management Corp boosted its stake in ESNT in the latest quarter, The investment management firm added 61,949 additional shares and now holds a total of 196,549 shares of Essent Group Ltd which is valued at $4,673,935. Essent Group Ltd makes up approx 0.10% of Dupont Capital Management Corp’s portfolio.

Essent Group Ltd closed down -0.2 points or -0.75% at $26.38 with 5,03,294 shares getting traded on Thursday. Post opening the session at $26.63, the shares hit an intraday low of $26.21 and an intraday high of $26.825 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Essent Group Ltd reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.53. The company had revenue of $108.20 million for the quarter, compared to analysts expectations of $105.92 million. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Essent Group Ltd. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .Essent Group Ltd was Downgraded by Keefe Bruyette to ” Mkt Perform” on Aug 5, 2016.

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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