Trust Point Inc. Has $1.61 Million Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Trust Point Inc. cut its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,093 shares of the company’s stock after selling 389 shares during the quarter. Trust Point Inc.’s holdings in The Ensign Group were worth $1,607,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENSG. Baillie Gifford & Co. acquired a new position in shares of The Ensign Group in the third quarter valued at about $151,827,000. FMR LLC lifted its holdings in shares of The Ensign Group by 42.3% in the third quarter. FMR LLC now owns 1,995,971 shares of the company’s stock worth $287,061,000 after acquiring an additional 593,779 shares during the last quarter. Wellington Management Group LLP boosted its position in The Ensign Group by 54.6% in the third quarter. Wellington Management Group LLP now owns 649,764 shares of the company’s stock valued at $93,449,000 after buying an additional 229,586 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of The Ensign Group during the 3rd quarter valued at $21,744,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of The Ensign Group during the third quarter valued at about $18,843,000. Institutional investors own 96.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total transaction of $93,401.00. Following the sale, the director now owns 30,852 shares of the company’s stock, valued at approximately $4,116,582.36. This represents a 2.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is currently owned by insiders.

The Ensign Group Stock Performance

Shares of ENSG opened at $142.42 on Tuesday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.66 and a beta of 0.94. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $138.24 and a 200 day moving average of $143.74. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45.

The Ensign Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.0625 dividend. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Tuesday, December 31st. The Ensign Group’s dividend payout ratio (DPR) is currently 6.05%.

Analysts Set New Price Targets

Several brokerages recently commented on ENSG. Truist Financial reduced their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Stephens increased their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 target price for the company. Oppenheimer upped their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

The Ensign Group Company 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.