State of Alaska Department of Revenue Grows Holdings in Essent Group Ltd. (NYSE:ESNT)

State of Alaska Department of Revenue grew its holdings in shares of Essent Group Ltd. (NYSE:ESNT) by 216.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,111 shares of the financial services provider’s stock after buying an additional 26,745 shares during the quarter. State of Alaska Department of Revenue’s holdings in Essent Group were worth $2,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its stake in Essent Group by 31.1% during the fourth quarter. Jennison Associates LLC now owns 984,414 shares of the financial services provider’s stock worth $53,591,000 after purchasing an additional 233,636 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Essent Group by 18.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 56,191 shares of the financial services provider’s stock worth $3,059,000 after purchasing an additional 8,597 shares during the last quarter. R Squared Ltd bought a new position in Essent Group during the fourth quarter worth $63,000. KBC Group NV lifted its stake in Essent Group by 39.8% during the fourth quarter. KBC Group NV now owns 4,207 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Essent Group by 14.6% during the fourth quarter. Inspire Investing LLC now owns 7,356 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 938 shares during the last quarter. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

Essent Group Stock Down 0.8 %

NYSE:ESNT opened at $58.05 on Tuesday. The business’s 50-day moving average price is $56.03 and its 200 day moving average price is $59.23. Essent Group Ltd. has a 52-week low of $51.32 and a 52-week high of $65.33. The firm has a market cap of $6.17 billion, a P/E ratio of 8.41, a PEG ratio of 2.75 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESNT. The Goldman Sachs Group reduced their price objective on Essent Group from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Barclays lowered Essent Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $69.00 to $58.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Essent Group from $67.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada dropped their target price on Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods dropped their target price on Essent Group from $75.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.71.

About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.