Essent Group Ltd: Pbra (Cayman) Co Bought Stake

August 10, 2017 - By Michael Collier

 Essent Group Ltd: Pbra (Cayman) Co Bought Stake

Investors sentiment decreased to 1.65 in Q4 2016. Its down 0.33, from 1.98 in 2016Q3. It turned negative, as 11 investors sold Essent Group Ltd shares while 60 reduced holdings. 55 funds opened positions while 62 raised stakes. 77.25 million shares or 10.51% more from 69.90 million shares in 2016Q3 were reported.

Sg Americas Ltd Liability has 0% invested in Essent Group Ltd (NYSE:ESNT). Northern Tru reported 912,050 shares stake. New York-based Bnp Paribas Arbitrage Sa has invested 0% in Essent Group Ltd (NYSE:ESNT). Los Angeles Cap Management Equity Research accumulated 11,040 shares. Pine Brook Road Advsr Lp has 54.79% invested in Essent Group Ltd (NYSE:ESNT). Piermont Cap Inc owns 63,900 shares. Parkside State Bank And has 0.02% invested in Essent Group Ltd (NYSE:ESNT). Wells Fargo And Com Mn invested in 0.01% or 578,729 shares. Moreover, Blackrock Japan has 0% invested in Essent Group Ltd (NYSE:ESNT). State Of New Jersey Common Pension Fund D has invested 0.01% in Essent Group Ltd (NYSE:ESNT). Investec Asset has 0.03% invested in Essent Group Ltd (NYSE:ESNT) for 202,199 shares. 3,345 are owned by Howe & Rusling. Hartford Mngmt Communication has 0.14% invested in Essent Group Ltd (NYSE:ESNT). Renaissance Tech Limited Liability Corp accumulated 721,200 shares or 0.04% of the stock. Citigroup Incorporated stated it has 84,951 shares or 0% of all its holdings.

The New Pbra (Cayman) Co Holding in Essent Group Ltd

Pbra (Cayman) Co reported SC 13D/A form with the SEC for Essent Group Ltd. Access it here: 000090514817000728. As reported by Pbra (Cayman) Co, the filler owns 6.4% or 5,953,072 shares of the Finance–company.

Essent Group Ltd stake is new for [reportingPerson]. Date of activity: August 7, 2017. This shows Pbra (Cayman) Co’s positive view for Essent Group Ltd.

Reasons Why Pbra (Cayman) Co Bought – Essent Group Ltd Stock

Purpose of Transaction


tem 4 of the Schedule 13D is hereby amended and supplemented as follows:

Effective June 15, 2017, Essent Intermediate entered into a trading plan with its broker (“Broker”) in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 (the “10b5-1 Plan”). Pursuant to the 10b5-1 Plan, Broker is authorized and directed to sell Shares on behalf of Essent Intermediate in accordance with the instructions set out in the 10b5-1 Plan, subject to the satisfaction of certain conditions and certain restrictions. Currently, any sales of Shares by Essent Intermediate are effected pursuant to the terms of the 10b5-1 Plan


Essent Group Ltd Institutional Sentiment

Filings show 130 investors own Essent Group Ltd. The ownership in Q3 2015 is high, at 92.09 % of the outstanding shares. This is increased by 7952350. 86034302 were owned by these investors. 23 funds opened new Essent Group Ltd stakes, 59 increased positions. There were 18 that closed positions and 40 reduced them.

2 investors had the stock in their top 10. Some are: Pine Brook Road Advisors Lp..

George Soros Soros Fund Management Llc is an investor bullish on Essent Group Ltd, owning 2981278 shares as of Q3 2015 for 1.12% of its portfolio. Neil Chriss Hutchin Hill Capital Lp owns 1001900 shares or 0.95% of its portfolio. NY Pine Brook Road Advisors Lp have 49.38% of its portfolio for 9463295 shares. Further, Globeflex Capital L P reported stake worth 0.83% of its portfolio. The CT Partnerre Principal Finance Inc owns 2899559 shares. Essent Group Ltd is 100.00% of its portfolio.

Business Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company’s primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.

SEC Form 13D.

The stock decreased 3.66% or $1.43 during the last trading session, reaching $37.6. About 1.73 million shares traded or 183.32% up from the average. Essent Group Ltd (NYSE:ESNT) has risen 81.69% since August 11, 2016 and is uptrending. It has outperformed by 64.99% the S&P500.

Essent Group Ltd. is a private mortgage insurance company. The company has market cap of $3.70 billion. The Firm is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. It has a 13.36 P/E ratio. The Company’s services and products include mortgage insurance, contract underwriting, and Bermuda insurance and reinsurance.

Essent Group Ltd (NYSE:ESNT) Ratings Coverage

Among 9 analysts covering Essent Group (NYSE:ESNT), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Essent Group has $48 highest and $22 lowest target. $35.40’s average target is -5.85% below currents $37.6 stock price. Essent Group had 25 analyst reports since August 12, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, May 29 report. The stock of Essent Group Ltd (NYSE:ESNT) earned “Underperform” rating by Bank of America on Thursday, October 27. The stock of Essent Group Ltd (NYSE:ESNT) has “Hold” rating given on Monday, May 1 by Wood. The company was downgraded on Friday, August 5 by Keefe Bruyette & Woods. As per Monday, May 8, the company rating was maintained by Barclays Capital. The rating was maintained by Compass Point with “Neutral” on Friday, May 6. The stock of Essent Group Ltd (NYSE:ESNT) has “Neutral” rating given on Friday, August 5 by Compass Point. The firm has “Neutral” rating by Credit Suisse given on Monday, May 2. On Tuesday, August 8 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Overweight” rating by Barclays Capital on Monday, August 7.

More recent Essent Group Ltd (NYSE:ESNT) news were published by: which released: “Essent Group Ltd. Announces Launch of Public Offering” on August 07, 2017. Also published the news titled: “Essent Group Ltd. Reports Second Quarter 2017 Results” on August 04, 2017.‘s news article titled: “Essent Group Ltd. Schedules Second Quarter Earnings Conference Call on August …” with publication date: July 13, 2017 was also an interesting one.

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