Essent Group Ltd. (NYSE:ESNT) Holdings Cut by BayBridge Capital Group LLC

BayBridge Capital Group LLC reduced its stake in Essent Group Ltd. (NYSE:ESNT) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,413 shares of the financial services provider’s stock after selling 664 shares during the quarter. BayBridge Capital Group LLC’s holdings in Essent Group were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Essent Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,206,325 shares of the financial services provider’s stock worth $270,425,000 after purchasing an additional 59,750 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Essent Group by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,551,145 shares of the financial services provider’s stock worth $99,723,000 after buying an additional 12,431 shares during the period. JPMorgan Chase & Co. lifted its stake in Essent Group by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 1,021,343 shares of the financial services provider’s stock valued at $65,662,000 after buying an additional 99,604 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Essent Group by 31.1% during the fourth quarter. Jennison Associates LLC now owns 984,414 shares of the financial services provider’s stock valued at $53,591,000 after acquiring an additional 233,636 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Essent Group by 132.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 424,542 shares of the financial services provider’s stock worth $27,294,000 after acquiring an additional 241,840 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

Essent Group Price Performance

Shares of NYSE:ESNT opened at $58.52 on Friday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 2.72 and a beta of 1.11. Essent Group Ltd. has a 12 month low of $50.65 and a 12 month high of $65.33. The stock’s 50 day moving average price is $56.02 and its 200 day moving average price is $59.26.

Analysts Set New Price Targets

ESNT has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of Essent Group from $75.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on Essent Group from $67.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. The Goldman Sachs Group reduced their price objective on Essent Group from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada lowered 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, Barclays lowered Essent Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $69.00 to $58.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.