Significant Insider Selling Continues at Essent Group (ESNT)

Wednesday, February 14, 2018 10:15 PM ET

Significant Insider Selling Continues at Essent Group (ESNT)

A filing with the SEC today revealed a significant insider sale of Essent Group shares as — Mark Casale, Director and Officer — disposed of 500,000 shares in the company having a market value of approximately $22,305,611. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 39,013 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 539,013 shares and have averaged 134,753 shares per transaction over this time period.

Essent Group insider trading represents a higher number of buy/sell trades than for the 59 peer company average over the last 90-day period. The Property & Casualty Insurance peer group saw 66 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Essent Group insiders was also higher. Within the peer group there were 107,558 shares purchased and 1,901,255 shares sold with company insiders disposing of 27,177 shares on average.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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