Essent Group Ltd. (ESNT) to Distribute Quarterly Dividend of $0.35 on September 10th

Essent Group Ltd. (NYSE:ESNT) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, August 31st will be given a dividend of 0.35 per share by the financial services provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st.

Essent Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Essent Group has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Essent Group to earn $7.87 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.8%.

Essent Group Trading Down 0.4%

Shares of NYSE ESNT opened at $68.99 on Friday. Essent Group has a twelve month low of $55.34 and a twelve month high of $70.37. The firm has a market cap of $6.20 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.74 and a beta of 0.76. The business has a fifty day simple moving average of $66.10 and a two-hundred day simple moving average of $62.20. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.09.

Essent Group (NYSE:ESNT) last posted its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. The business had revenue of $362.69 million for the quarter. Essent Group had a return on equity of 11.91% and a net margin of 51.45%. Analysts expect that Essent Group will post 7.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David B. Weinstock sold 5,500 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $63.51, for a total transaction of $349,305.00. Following the sale, the chief financial officer owned 35,494 shares of the company’s stock, valued at $2,254,223.94. This trade represents a 13.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Casale sold 21,607 shares of Essent Group stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $70.07, for a total value of $1,514,002.49. Following the completion of the transaction, the chief executive officer owned 2,039,691 shares in the company, valued at $142,921,148.37. This trade represents a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 98,848 shares of company stock valued at $6,726,789. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Essent Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,987,945 shares of the financial services provider’s stock valued at $779,336,000 after acquiring an additional 85,295 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Essent Group in the 4th quarter worth approximately $27,983,000. Fox Run Management L.L.C. acquired a new stake in Essent Group in the 4th quarter worth approximately $1,485,000. GSA Capital Partners LLP purchased a new stake in Essent Group during the 4th quarter worth approximately $1,136,000. Finally, Renaissancere Holdings Ltd. purchased a new stake in Essent Group during the 2nd quarter worth approximately $107,114,521. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Essent Group Company Profile

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.