The Ensign Group, Inc. (NASDAQ:ENSG) Director Barry M. Smith Sells 700 Shares

The Ensign Group, Inc. (NASDAQ:ENSGGet Free Report) Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $138.48, for a total value of $96,936.00. Following the completion of the transaction, the director now directly owns 30,752 shares in the company, valued at $4,258,536.96. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

The Ensign Group Stock Up 2.4 %

Shares of ENSG stock traded up $3.49 during mid-day trading on Wednesday, reaching $148.86. 852,392 shares of the company’s stock traded hands, compared to its average volume of 425,532. The company’s 50-day moving average price is $138.22 and its 200-day moving average price is $143.81. The company has a market cap of $8.53 billion, a P/E ratio of 36.04, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45.

The Ensign Group (NASDAQ:ENSGGet Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. On average, equities analysts expect that The Ensign Group, Inc. will post 5.02 earnings per share for the current fiscal year.

The Ensign Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Tuesday, December 31st. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio (DPR) is 6.05%.

Institutional Investors Weigh In On The Ensign Group

Institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. bought a new position in The Ensign Group in the third quarter valued at about $151,827,000. FMR LLC lifted its stake in shares of The Ensign Group by 42.3% in the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company’s stock worth $287,061,000 after purchasing an additional 593,779 shares during the period. Wellington Management Group LLP boosted its holdings in shares of The Ensign Group by 54.6% in the third quarter. Wellington Management Group LLP now owns 649,764 shares of the company’s stock worth $93,449,000 after buying an additional 229,586 shares during the last quarter. World Investment Advisors LLC bought a new stake in The Ensign Group during the third quarter valued at approximately $21,744,000. Finally, Westfield Capital Management Co. LP bought a new stake in The Ensign Group during the third quarter valued at approximately $18,843,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Analyst Ratings Changes

ENSG has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Oppenheimer lifted their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial decreased their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a report on Monday, January 6th. UBS Group initiated coverage on shares of The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Macquarie raised their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Read Our Latest Stock Analysis on ENSG

The Ensign Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

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