Principal Financial Group Inc. Buys 3,924 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Principal Financial Group Inc. increased its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 411,164 shares of the company’s stock after buying an additional 3,924 shares during the quarter. Principal Financial Group Inc.’s holdings in The Ensign Group were worth $30,792,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Advisory Services Network LLC acquired a new position in The Ensign Group in the second quarter worth about $27,000. William Blair Investment Management LLC acquired a new position in The Ensign Group in the second quarter worth about $82,000. FMR LLC raised its position in The Ensign Group by 119.0% in the first quarter. FMR LLC now owns 1,682 shares of the company’s stock worth $86,000 after purchasing an additional 914 shares in the last quarter. Heritage Wealth Management LLC raised its position in The Ensign Group by 11.7% in the second quarter. Heritage Wealth Management LLC now owns 1,677 shares of the company’s stock worth $145,000 after purchasing an additional 175 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in The Ensign Group by 10.1% in the third quarter. Fifth Third Bancorp now owns 2,665 shares of the company’s stock worth $200,000 after purchasing an additional 245 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

In other The Ensign Group news, Director Ann Scott Blouin sold 433 shares of the firm’s stock in a transaction that occurred on Monday, December 20th. The shares were sold at an average price of $77.04, for a total value of $33,358.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Beverly B. Wittekind sold 4,325 shares of the firm’s stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $84.00, for a total transaction of $363,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,758 shares of company stock valued at $552,658. 6.20% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of The Ensign Group from $100.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Truist raised their price objective on shares of The Ensign Group from $82.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 11th. Stifel Nicolaus raised their price objective on shares of The Ensign Group from $87.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 28th. They noted that the move was a valuation call. Finally, Truist Securities dropped their price objective on shares of The Ensign Group from $90.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, October 13th.

Shares of The Ensign Group stock opened at $80.43 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $4.44 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.45 and a beta of 0.96. The firm has a 50 day simple moving average of $80.52 and a 200 day simple moving average of $80.66. The Ensign Group, Inc. has a fifty-two week low of $68.29 and a fifty-two week high of $98.66.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $668.53 million during the quarter, compared to analyst estimates of $666.44 million. The Ensign Group had a net margin of 7.50% and a return on equity of 20.37%. The Ensign Group’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, sell-side analysts expect that The Ensign Group, Inc. will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Friday, December 31st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.27%. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.05. The Ensign Group’s dividend payout ratio (DPR) is currently 6.51%.

About The Ensign Group

The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.

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Institutional Ownership by Quarter for The Ensign Group (NASDAQ:ENSG)

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