13GD Ownership Change: Why Pbra (Cayman) Co Reported Big Essent Group Ltd Position?

13GD Ownership Change: Why Pbra (Cayman) Co Reported Big Essent Group Ltd Position?

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

Pbra (Cayman) Co filed with the SEC SC 13D/A form for Essent Group Ltd. The form can be accessed here: 000090514816002075. As reported in Pbra (Cayman) Co’s form, the filler as of late owns 9.05% or 8,424,186 shares of the Finance–company.

Essent Group Ltd stake is a new one for the and it was filed because of activity on November 10, 2016. We feel this shows Pbra (Cayman) Co’s positive view for the stock.

Essent Group Ltd Institutional Sentiment

Latest Security and Exchange filings show 130 investors own Essent Group Ltd. The institutional ownership in Q3 2015 is high, at 92.40% of the outstanding shares. This is increased by 7952350 the total institutional shares. 86034302 were the shares owned by these institutional investors. In total 23 funds opened new Essent Group Ltd stakes, 59 increased stakes. There were 18 that closed positions and 40 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Pine Brook Road Advisors Lp..

George Soros Soros Fund Management Llc is an institutional 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 their stock portfolio for 9463295 shares. Further, Globeflex Capital L P reported stake worth 0.83% of its US stock portfolio. The CT Partnerre Principal Finance Inc owns 2899559 shares. Essent Group Ltd is 100.00% of the manager’s US portfolio.

Business Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia. The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.35, from 1.09 in 2016Q1. The ratio is positive, as 16 funds sold all Essent Group Ltd shares owned while 38 reduced positions. 24 funds bought stakes while 54 increased positions. They now own 70.39 million shares or 0.71% more from 69.90 million shares in 2016Q1.

Northern Tru owns 854,036 shares or 0.01% of their US portfolio. Ameriprise Fin has invested 0% of its portfolio in Essent Group Ltd (NYSE:ESNT). Blackrock Fund Advisors, a California-based fund reported 1.78M shares. Invesco Ltd reported 20,355 shares or 0% of all its holdings. Brandywine Inv Mgmt Ltd Liability Company has invested 0.02% of its portfolio in Essent Group Ltd (NYSE:ESNT). California Pub Employees Retirement last reported 0.01% of its portfolio in the stock. New Vernon Management Ltd Liability has 1.43% invested in the company for 75,000 shares. Blackrock Institutional Trust Na last reported 1.81 million shares in the company. California State Teachers Retirement last reported 156,657 shares in the company. Walthausen Ltd Liability Corporation holds 264,090 shares or 0.6% of its portfolio. The United Kingdom-based Blackrock has invested 0% in Essent Group Ltd (NYSE:ESNT). Moreover, Cubist Systematic Strategies Limited Com has 0.01% invested in Essent Group Ltd (NYSE:ESNT) for 10,655 shares. Manufacturers Life Insurance The accumulated 0% or 47,973 shares. Ubs Asset Mngmt Americas owns 410,791 shares or 0.01% of their US portfolio. Moreover, Rhumbline Advisers has 0% invested in Essent Group Ltd (NYSE:ESNT) for 69,808 shares.

Insider Transactions: Since May 16, 2016, the stock had 1 insider purchase, and 5 selling transactions for $364,979 net activity. 6,020 shares were sold by MCALEE LAWRENCE E JR, worth $163,563 on Wednesday, September 21. $775,409 worth of Essent Group Ltd (NYSE:ESNT) was bought by Turnbull Andrew on Wednesday, July 6. Another trade for 24,000 shares valued at $627,600 was sold by Cashmer Jeff. Gibbons Mary Lourdes sold $208,725 worth of Essent Group Ltd (NYSE:ESNT) on Monday, September 19.

About 1.36 million shares traded hands or 159.13% up from the average. Essent Group Ltd (NYSE:ESNT) has risen 48.02% since April 12, 2016 and is uptrending. It has outperformed by 43.04% the S&P500.

Essent Group Ltd. is a private mortgage insurance company. The company has a market cap of $2.59 billion. The Firm is engaged in serving the United States housing finance industry. It has a 12.74 P/E ratio. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States.

Essent Group Ltd (NYSE:ESNT) Ratings Coverage

Out of 6 analysts covering Essent Group (NYSE:ESNT), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $31 is the highest target while $22 is the lowest. The $27.63 average target is -4.39% below today’s ($28.9) stock price. Essent Group has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Essent Group Ltd (NYSE:ESNT) has “Market Perform” rating given on Friday, August 5 by Keefe Bruyette & Woods. Barclays Capital maintained Essent Group Ltd (NYSE:ESNT) on Friday, August 5 with “Overweight” rating. The firm has “Neutral” rating given on Wednesday, September 28 by Bank of America. The stock of Essent Group Ltd (NYSE:ESNT) has “Neutral” rating given on Friday, May 6 by Compass Point. The firm earned “Overweight” rating on Wednesday, September 7 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, February 16 by Compass Point. Credit Suisse maintained Essent Group Ltd (NYSE:ESNT) on Monday, May 2 with “Neutral” rating. Compass Point maintained Essent Group Ltd (NYSE:ESNT) rating on Friday, August 5. Compass Point has “Neutral” rating and $26 price target. The firm has “Underperform” rating given on Thursday, October 27 by Bank of America.

More notable recent Essent Group Ltd (NYSE:ESNT) news were published by: Zacks.com which released: “Essent Group (ESNT): Strong Industry, Solid Earnings Estimate Revisions” on November 14, 2016, also Businesswire.com with their article: “Essent Group Ltd. Schedules Third Quarter Earnings Conference Call on November …” published on October 13, 2016, Businesswire.com published: “Essent Group Ltd. Reports Second Quarter 2016 Results” on August 04, 2016. More interesting news about Essent Group Ltd (NYSE:ESNT) were released by: Businesswire.com and their article: “Essent Group Ltd. Enters Into $200 Million Revolving Credit Facility” published on April 21, 2016 as well as Businesswire.com‘s news article titled: “Essent Group Ltd. Schedules Third Quarter Earnings Conference Call on November …” with publication date: October 13, 2015.

According to Zacks Investment Research, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda.”

ESNT Company Profile

Essent Group Ltd. (Essent), incorporated on July 1, 2008, is a private mortgage insurance company. The Firm is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance activities are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the firm domiciled in the state of Pennsylvania. Essent Guaranty maintains activities centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia.

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