The Ensign Group, Inc. (NASDAQ:ENSG) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC trimmed its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 11,799 shares of the company’s stock after selling 370 shares during the period. Legacy Wealth Asset Management LLC’s holdings in The Ensign Group were worth $1,568,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ENSG. CWM LLC grew its position in shares of The Ensign Group by 16.2% during the third quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after buying an additional 71 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in The Ensign Group by 7.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company’s stock worth $157,000 after acquiring an additional 80 shares during the last quarter. UMB Bank n.a. grew its holdings in The Ensign Group by 30.1% during the 3rd quarter. UMB Bank n.a. now owns 385 shares of the company’s stock worth $55,000 after acquiring an additional 89 shares in the last quarter. Equitable Trust Co. increased its position in shares of The Ensign Group by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 4,911 shares of the company’s stock valued at $706,000 after purchasing an additional 109 shares during the last quarter. Finally, Wealth Alliance raised its holdings in shares of The Ensign Group by 6.0% in the 2nd quarter. Wealth Alliance now owns 1,940 shares of the company’s stock valued at $240,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Buying and Selling at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the transaction, the director now owns 30,852 shares of the company’s stock, valued at $4,116,582.36. This trade represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Barry Port sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Stock Up 1.3 %

Shares of NASDAQ ENSG opened at $136.33 on Friday. The business has a 50-day moving average price of $139.97 and a 200 day moving average price of $142.83. The stock has a market cap of $7.81 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 52-week low of $110.71 and a 52-week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Equities research analysts forecast that The Ensign Group, Inc. will post 5.03 earnings per share for the current year.

The Ensign Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.0625 per share. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, December 31st. The Ensign Group’s dividend payout ratio (DPR) is presently 6.05%.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of analyst reports. Stephens boosted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Truist Financial lowered their price objective on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. UBS Group assumed coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 target price on the stock. Oppenheimer upped their price target on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $161.83.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.