Insider Selling: The Ensign Group, Inc. (NASDAQ:ENSG) CFO Sells 16,991 Shares of Stock

The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) CFO Suzanne D. Snapper sold 16,991 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $96.00, for a total value of $1,631,136.00. Following the transaction, the chief financial officer now directly owns 210,754 shares of the company’s stock, valued at $20,232,384. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

The Ensign Group Stock Down 0.5 %

The Ensign Group stock opened at $93.16 on Friday. The Ensign Group, Inc. has a fifty-two week low of $70.29 and a fifty-two week high of $99.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $5.17 billion, a P/E ratio of 24.84, a PEG ratio of 1.52 and a beta of 0.98. The stock has a 50-day simple moving average of $94.18 and a 200-day simple moving average of $87.73.

The Ensign Group (NASDAQ:ENSGGet Rating) last posted its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The Ensign Group had a return on equity of 19.42% and a net margin of 7.32%. The business had revenue of $770.01 million during the quarter, compared to the consensus estimate of $749.71 million. Equities research analysts expect that The Ensign Group, Inc. will post 3.84 earnings per share for the current year.

The Ensign Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Saturday, December 31st will be issued a $0.058 dividend. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, December 29th. The Ensign Group’s payout ratio is presently 6.13%.

Wall Street Analyst Weigh In

ENSG has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on The Ensign Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 1st. Oppenheimer lifted their price target on The Ensign Group from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, November 5th. Finally, Stephens lifted their price target on The Ensign Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Institutional Trading of The Ensign Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Redwood Investments LLC raised its stake in The Ensign Group by 40.0% during the 4th quarter. Redwood Investments LLC now owns 176,640 shares of the company’s stock valued at $16,712,000 after acquiring an additional 50,448 shares during the last quarter. Retirement Solution Inc. purchased a new stake in The Ensign Group during the 4th quarter valued at approximately $643,000. Crossmark Global Holdings Inc. raised its stake in The Ensign Group by 2.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,391 shares of the company’s stock valued at $510,000 after acquiring an additional 152 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in The Ensign Group during the 4th quarter valued at approximately $116,000. Finally, Maryland State Retirement & Pension System raised its stake in The Ensign Group by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 22,858 shares of the company’s stock valued at $2,163,000 after acquiring an additional 248 shares during the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Company Profile

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The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.

See Also

Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

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