Truist Financial Corp Has $675,000 Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Truist Financial Corp trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 21.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,460 shares of the company’s stock after selling 1,511 shares during the period. Truist Financial Corp’s holdings in The Ensign Group were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in The Ensign Group during the 2nd quarter valued at $31,000. EntryPoint Capital LLC acquired a new stake in shares of The Ensign Group in the 1st quarter valued at $34,000. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the 1st quarter valued at $45,000. Canada Pension Plan Investment Board acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at $49,000. Finally, Natixis increased its stake in shares of The Ensign Group by 39.6% in the 1st quarter. Natixis now owns 398 shares of the company’s stock valued at $50,000 after buying an additional 113 shares during the period. 96.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on ENSG. Macquarie began coverage on The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price for the company. Truist Financial lifted their target price on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer lifted their target price on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the sale, the director now directly owns 29,125 shares in the company, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,118 shares of company stock worth $2,053,620. Corporate insiders own 3.90% of the company’s stock.

The Ensign Group Stock Up 0.9 %

NASDAQ:ENSG opened at $149.12 on Wednesday. The Ensign Group, Inc. has a 12-month low of $92.69 and a 12-month high of $154.93. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $8.49 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.96 and a beta of 0.96. The stock’s fifty day simple moving average is $147.01 and its 200-day simple moving average is $131.88.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. Equities research analysts expect that The Ensign Group, Inc. will post 4.99 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.16%. The Ensign Group’s dividend payout ratio is presently 6.32%.

The Ensign Group Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.