American International Group Inc. decreased its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,253 shares of the company’s stock after selling 857 shares during the quarter. American International Group Inc. owned approximately 0.06% of The Ensign Group worth $2,012,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in The Ensign Group by 4,234.4% during the 2nd quarter. Federated Hermes Inc. now owns 16,514 shares of the company’s stock valued at $691,000 after purchasing an additional 16,133 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in The Ensign Group by 40.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 28,106 shares of the company’s stock valued at $1,176,000 after purchasing an additional 8,136 shares during the last quarter. Mackay Shields LLC lifted its holdings in The Ensign Group by 132.9% during the 3rd quarter. Mackay Shields LLC now owns 39,600 shares of the company’s stock valued at $2,259,000 after purchasing an additional 22,600 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in The Ensign Group by 28.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 221,556 shares of the company’s stock valued at $9,265,000 after purchasing an additional 48,519 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in The Ensign Group by 15.6% during the 2nd quarter. Swiss National Bank now owns 113,600 shares of the company’s stock valued at $4,754,000 after purchasing an additional 15,300 shares during the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a report on Wednesday, August 12th. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. Oppenheimer reissued a “buy” rating and set a $60.00 target price on shares of The Ensign Group in a report on Wednesday, August 5th. Finally, Stephens raised The Ensign Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $61.00 to $79.00 in a report on Wednesday, November 11th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.33.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.10. The Ensign Group had a return on equity of 21.65% and a net margin of 6.49%. Equities research analysts forecast that The Ensign Group, Inc. will post 2.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Wednesday, September 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Tuesday, September 29th. The Ensign Group’s dividend payout ratio is presently 9.57%.
In other The Ensign Group news, COO Spencer Burton sold 5,899 shares of The Ensign Group stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $68.00, for a total value of $401,132.00. Following the transaction, the chief operating officer now owns 30,489 shares in the company, valued at $2,073,252. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barry Port sold 33,133 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $68.00, for a total value of $2,253,044.00. Following the sale, the chief executive officer now owns 125,893 shares in the company, valued at $8,560,724. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,209 shares of company stock worth $7,291,022. Company insiders own 6.80% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services.
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