Essent Group CFO David Weinstock Sells Shares
Weinstock, SVP and CFO, sold 5,500 shares of Essent Group Ltd. under a pre-planned arrangement.
Key Points
- David Weinstock, Essent Group's SVP and CFO, sold 5,500 shares valued at $349,305 on June 26, 2026, under a Rule 10b5-1 plan.
- Essent Group Ltd. shares traded near $64.39 on Wednesday, with a market cap of $5.9 billion and a P/E ratio of 9.1.
- Keefe, Bruyette & Woods maintained a 'buy' rating with a $74 price target on June 25, 2026.
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David Weinstock, the Senior Vice President and Chief Financial Officer of Essent Group Ltd. (NYSE: ESNT), sold 5,500 shares of the company on June 26, 2026. This transaction, part of a pre-planned trading arrangement, was valued at approximately $349,305, with an average price of $63.51 per share.
Insider Buying and Selling at Essent Group Ltd.
Weinstock's sale was conducted under a Rule 10b5-1 plan, which allows insiders to set up a predetermined schedule for selling shares. In addition to Weinstock's sale, other insiders, including CEO Mark Casale, have been active. On June 10, 2026, Casale acquired 3,129 shares, while other executives like Mary Lourdes Gibbons and Douglas Pauls made smaller purchases.
Essent Group Ltd. Stock Down 4.7%
Shares of Essent Group Ltd. traded near $64.39 on Wednesday. The company boasts a market capitalization of about $5.9 billion and a P/E ratio of 9.1. Its forward P/E is slightly lower at 8.3, reflecting future earnings expectations. Essent's stock has ranged from a low of $55.22 to a high of $67.09 over the past year. The 50-day moving average stands at $60.42, while the 200-day moving average is $61.41.
$ESNT stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 25, 2026, Keefe, Bruyette & Woods maintained their 'buy' rating on Essent Group, setting a price target of $74. RBC Capital initiated coverage with a 'hold' rating and a $68 target on May 22, 2026. The consensus among analysts is a 'buy' rating, with a mean price target of $67.88.
About Essent Group Ltd.
Essent Group Ltd., headquartered in Hamilton, Bermuda, operates in the financial services sector, specifically in specialty insurance. Founded in 2008, it provides private mortgage insurance, reinsurance, and title insurance services in the United States. The company serves various mortgage lenders and investors, offering products like primary and pool insurance. Essent employs approximately 520 people, with Mr. Mark Anthony Casale serving as CEO.
Bottom Line
David Weinstock's recent sale of Essent shares is a part of a pre-arranged trading plan, highlighting typical insider activity. Investors often track such transactions to gauge insider sentiment, though sales under a Rule 10b5-1 plan are not unusual. Essent Group's financial metrics and analyst ratings suggest a positive outlook, but as always, investors should consider the broader market context and other factors.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.