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Northwestern Mutual Wealth Management Co. Purchases 559 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Northwestern Mutual Wealth Management Co. raised its position in shares of The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) by 564.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658 shares of the company’s stock after purchasing an additional 559 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in The Ensign Group were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ENSG. Quadrant Capital Group LLC grew its holdings in The Ensign Group by 195.2% during the first quarter. Quadrant Capital Group LLC now owns 310 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Confluence Wealth Services Inc. bought a new position in shares of The Ensign Group in the fourth quarter worth $31,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of The Ensign Group in the first quarter worth $36,000. Benjamin Edwards Inc. boosted its holdings in shares of The Ensign Group by 8,540.0% in the first quarter. Benjamin Edwards Inc. now owns 432 shares of the company’s stock worth $39,000 after acquiring an additional 427 shares during the period. Finally, Sageworth Trust Co of South Dakota bought a new position in shares of The Ensign Group in the fourth quarter worth $130,000. 88.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on The Ensign Group from $85.00 to $95.00 in a report on Wednesday, August 3rd. Royal Bank of Canada cut their price target on The Ensign Group from $101.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd.

The Ensign Group Trading Down 3.9 %

Shares of ENSG stock opened at $86.93 on Friday. 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 Ensign Group, Inc. has a 52-week low of $68.29 and a 52-week high of $94.25. The company has a market capitalization of $4.81 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.03. The business’s fifty day moving average is $80.36 and its 200 day moving average is $81.50.

The Ensign Group (NASDAQ:ENSGGet Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The Ensign Group had a return on equity of 19.51% and a net margin of 7.27%. The company had revenue of $732.49 million for the quarter, compared to the consensus estimate of $729.44 million. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 3.84 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.22 dividend on an annualized basis and a yield of 0.25%. The Ensign Group’s payout ratio is 6.13%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CFO Suzanne D. Snapper sold 5,883 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.16, for a total transaction of $500,996.28. Following the sale, the chief financial officer now owns 208,810 shares in the company, valued at $17,782,259.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $86.92, for a total transaction of $173,840.00. Following the sale, the director now owns 38,125 shares in the company, valued at $3,313,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Suzanne D. Snapper sold 5,883 shares of The Ensign Group stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.16, for a total value of $500,996.28. Following the completion of the transaction, the chief financial officer now owns 208,810 shares in the company, valued at approximately $17,782,259.60. The disclosure for this sale can be found here. Insiders have sold 10,264 shares of company stock worth $888,936 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.

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

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