State Board of Administration of Florida Retirement System Sells 1,780 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

State Board of Administration of Florida Retirement System lessened its stake in The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,341 shares of the company’s stock after selling 1,780 shares during the period. State Board of Administration of Florida Retirement System’s holdings in The Ensign Group were worth $2,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ENSG. Altshuler Shaham Ltd bought a new stake in shares of The Ensign Group in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of The Ensign Group by 96.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 371 shares of the company’s stock valued at $30,000 after purchasing an additional 182 shares in the last quarter. CWM LLC boosted its position in shares of The Ensign Group by 51.7% during the 3rd quarter. CWM LLC now owns 402 shares of the company’s stock valued at $32,000 after purchasing an additional 137 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of The Ensign Group during the 3rd quarter valued at about $44,000. Finally, Quantbot Technologies LP bought a new stake in shares of The Ensign Group during the 1st quarter valued at about $46,000. Institutional investors own 88.80% of the company’s stock.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $91.88 on Friday. The stock has a fifty day simple moving average of $93.92 and a two-hundred day simple moving average of $93.17. The Ensign Group, Inc. has a 1-year low of $70.29 and a 1-year high of $102.26. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 30th. The Ensign Group’s dividend payout ratio (DPR) is 5.60%.

Insider Buying and Selling at The Ensign Group

In other news, CFO Suzanne D. Snapper sold 35,304 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $100.07, for a total value of $3,532,871.28. Following the completion of the transaction, the chief financial officer now directly owns 221,884 shares of the company’s stock, valued at $22,203,931.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Suzanne D. Snapper sold 33,007 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $101.50, for a total value of $3,350,210.50. Following the sale, the chief financial officer now owns 248,877 shares in the company, valued at $25,261,015.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Suzanne D. Snapper sold 35,304 shares of the stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $100.07, for a total value of $3,532,871.28. Following the completion of the sale, the chief financial officer now owns 221,884 shares in the company, valued at approximately $22,203,931.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,185 shares of company stock valued at $11,029,881. Company insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

ENSG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on The Ensign Group from $102.00 to $108.00 in a research note on Monday, May 1st. StockNews.com downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 29th. Truist Financial increased their price objective on The Ensign Group from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, April 13th. Finally, Oppenheimer increased their price objective on The Ensign Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.80.

The Ensign Group Profile

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The Ensign Group, Inc engages in providing skilled nursing, senior living, and rehabilitative care services. It operates through the Skilled Services and Standard Bearer segments. The Skilled Services segments includes the operation of skilled nursing facilities and rehabilitation therapy services. The Standard Bearer segment refers to the leasing to skilled nursing and senior living operations.