This Insider Has Just Sold Shares In Essent Group

Some Essent Group Ltd. (NYSE:ESNT) shareholders may be a little concerned to see that the Chief Risk Officer & Senior VP, Vijay Bhasin, recently sold a substantial US$746k worth of stock at a price of US$65.00 per share. However, that sale only accounted for 5.5% of their holding, so arguably it doesn't say much about their conviction.

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Essent Group Insider Transactions Over The Last Year

In fact, the recent sale by Vijay Bhasin was the biggest sale of Essent Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$64.27. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Essent Group insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Essent Group

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Essent Group insiders own 3.5% of the company, worth about US$224m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Essent Group Insiders?

Insiders haven't bought Essent Group stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Essent Group is showing 2 warning signs in our investment analysis, and 1 of those is a bit unpleasant...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.