Pacad Investment Ltd decreased its stake in Essent Group Ltd (ESNT) by 97.63% based on its latest 2018Q1 regulatory filing with the SEC. Pacad Investment Ltd sold 16,510 shares as the company’s stock declined 25.80% with the market. The institutional investor held 400 shares of the property-casualty insurers company at the end of 2018Q1, valued at $17,000, down from 16,910 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Essent Group Ltd for a number of months, seems to be less bullish one the $3.68 billion market cap company. The stock decreased 1.60% or $0.61 during the last trading session, reaching $37.55. About 716,302 shares traded. Essent Group Ltd. (NYSE:ESNT) has declined 4.69% since June 21, 2017 and is downtrending. It has underperformed by 17.26% the S&P500. Some Historical ESNT News: 23/03/2018 – ESSENT GROUP REPORTS CLOSING OF $424.4M REINSURANCE TRANSACTION; 23/03/2018 – Essent Closes Below 200-Day Moving Average: Technicals; 23/03/2018 – Essent Group Ltd. Announces Closing of $424.4 Million Reinsurance Transaction and Related Mortgage Insurance-Linked Notes Offering; 12/03/2018 – Essent Closes Below 50-Day Moving Average: Technicals; 15/03/2018 – ESSENT GROUP LTD – PRICES $424.4 MLN OF 10-YEAR MORTGAGE INSURANCE-LINKED NOTES ISSUED BY RADNOR RE 2018-1 LTD; 24/05/2018 – Essent Presenting at Conference May 31; 04/05/2018 – Essent Group 1Q EPS $1.13; 12/03/2018 Research Report Identifies Essent Group, BanColombia S.A, Aegon NV, Delphi Technologies, IRSA Inversiones Y Representaciones S; 04/05/2018 – Essent Group 1Q Rev $167.5M; 07/05/2018 – ESSENT GROUP – AMENDMENT PROVIDES FOR $100 MLN UNCOMMITTED LINE THAT MAY BE EXERCISED AT BORROWERS’ OPTION SO LONG AS BORROWERS RECEIVE COMMITMENTS
Univest Corp Of Pennsylvania increased its stake in Bank Amer Corp (BAC) by 988.65% based on its latest 2018Q1 regulatory filing with the SEC. Univest Corp Of Pennsylvania bought 113,457 shares as the company’s stock declined 6.97% with the market. The institutional investor held 124,933 shares of the major banks company at the end of 2018Q1, valued at $3.75 million, up from 11,476 at the end of the previous reported quarter. Univest Corp Of Pennsylvania who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $296.98 billion market cap company. The stock increased 0.17% or $0.05 during the last trading session, reaching $29.29. About 67.94M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 21, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 30/04/2018 – BANK OF AMERICA DISCLOSES PRETAX CHARGE IN FILING; 04/04/2018 – MERRILL LYNCH ECONOMIST MICHELLE MEYER ON BLOOMBERG RADIO; 23/03/2018 – BofA’s Merrill Lynch Paying N.Y. $42 Million Over Masking Probe; 27/03/2018 – BANK OF AMERICA MUST DEFEND $542 MLN SUIT TIED FDIC RISK RULE; 23/03/2018 – BANK OF AMERICA TO PAY $42 MILLION TO N.Y. OVER `MASKING’ PLOT; 21/05/2018 – CAMPBELL SOUP CO CPB.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $31 FROM $46; 15/05/2018 – Array BioPharma at Bank of America Conference Tomorrow; 09/05/2018 – Puma Biotechnology at Bank of America Conference May 16; 27/03/2018 – Star Mountain Names Former Head of U.S. Leveraged Loan Capital Markets at Merrill Lynch, Stephen Paras, as Managing Director & Investment Committee Member; 10/05/2018 – Alkermes’ Corporate Presentation to be Webcast at the Bank of America Merrill Lynch Health Care Conference
More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bizjournals.com which released: “Deutsche Bank pays $205M fine for breaking New York bank laws” on June 20, 2018, also Seekingalpha.com with their article: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” published on June 12, 2018, Seekingalpha.com published: “Bank Of America: More Tailwinds” on June 03, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Bizjournals.com and their article: “CBJ Morning Buzz: Big changes for BofA workforce; Meck County approves tax hike; Latest on CLT snafu” published on June 20, 2018 as well as Fool.com‘s news article titled: “How Wells Fargo Is Following in Bank of America’s Footsteps” with publication date: June 11, 2018.
Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. The firm has “Hold” rating given on Wednesday, August 23 by BMO Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Wednesday, April 5. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Credit Suisse on Thursday, June 1. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 8. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Monday, April 16 by Jefferies. The stock has “Outperform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The company was upgraded on Thursday, September 10 by Wells Fargo. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Citigroup on Tuesday, July 19.
Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It is negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Mariner Wealth reported 853,219 shares. Hermes Invest Limited owns 2.86M shares. Public Sector Pension Investment Board, a Quebec – Canada-based fund reported 6.42M shares. American Interest Group reported 3.16M shares. Whalerock Point Prtnrs Lc stated it has 1.19% of its portfolio in Bank of America Corporation (NYSE:BAC). 120 are owned by Macroview Inv Management Limited Liability Co. Apg Asset Mgmt Nv stated it has 25.43M shares. Ntv Asset Ltd has 0.24% invested in Bank of America Corporation (NYSE:BAC) for 27,712 shares. First Foundation Advsrs has 46,659 shares for 0.08% of their portfolio. Ubs Asset Management Americas Inc holds 0% or 43.85 million shares in its portfolio. Ogorek Anthony Joseph New York Adv stated it has 50 shares or 0% of all its holdings. Hbk Lp reported 13,700 shares stake. Adirondack accumulated 7,413 shares. Snow Cap Lp has invested 3.75% in Bank of America Corporation (NYSE:BAC). Boston Common Asset Management Limited Liability Corporation invested in 0.04% or 11,000 shares.
Univest Corp Of Pennsylvania, which manages about $231.16M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 8,350 shares to 46,242 shares, valued at $5.09 million in 2018Q1, according to the filing. It also reduced its holding in Discover Finl Svcs (NYSE:DFS) by 8,800 shares in the quarter, leaving it with 49,718 shares, and cut its stake in Becton Dickinson & Co (NYSE:BDX).
Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on August, 3. They expect $1.04 EPS, up 35.06% or $0.27 from last year’s $0.77 per share. ESNT’s profit will be $102.03 million for 9.03 P/E if the $1.04 EPS becomes a reality. After $1.13 actual EPS reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts -7.96% negative EPS growth.
Among 12 analysts covering Essent Group (NYSE:ESNT), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Essent Group had 53 analyst reports since August 12, 2015 according to SRatingsIntel. BTIG Research upgraded the stock to “Buy” rating in Tuesday, September 12 report. BTIG Research maintained it with “Buy” rating and $54.0 target in Wednesday, December 20 report. JP Morgan downgraded the stock to “Neutral” rating in Friday, April 21 report. Keefe Bruyette & Woods maintained Essent Group Ltd. (NYSE:ESNT) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $55.0 target. The rating was maintained by Compass Point with “Buy” on Monday, February 12. RBC Capital Markets maintained Essent Group Ltd. (NYSE:ESNT) rating on Tuesday, April 10. RBC Capital Markets has “Buy” rating and $4800 target. The firm earned “Outperform” rating on Wednesday, August 23 by Wood. Barclays Capital maintained Essent Group Ltd. (NYSE:ESNT) rating on Friday, August 5. Barclays Capital has “Overweight” rating and $27 target. Susquehanna maintained Essent Group Ltd. (NYSE:ESNT) rating on Tuesday, April 10. Susquehanna has “Buy” rating and $5300 target. The firm earned “Neutral” rating on Tuesday, December 6 by BTIG Research.
Since January 24, 2018, it had 0 buys, and 2 sales for $22.32 million activity. $22.31 million worth of Essent Group Ltd. (NYSE:ESNT) was sold by CASALE MARK on Monday, February 12.
Another recent and important Essent Group Ltd. (NYSE:ESNT) news was published by Streetinsider.com which published an article titled: “Essent Group (ESNT) Appoints Jane P. Chwick and Angela Heise to Board” on May 30, 2018.