The Manufacturers Life Insurance Company Has $10.82 Million Stock Position in The Ensign Group, Inc. $ENSG

The Manufacturers Life Insurance Company reduced its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,684 shares of the company’s stock after selling 3,563 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in The Ensign Group were worth $10,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in The Ensign Group by 52.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,336 shares of the company’s stock worth $9,465,000 after purchasing an additional 18,699 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of The Ensign Group by 594.9% during the fourth quarter. Sanctuary Advisors LLC now owns 24,510 shares of the company’s stock valued at $4,270,000 after purchasing an additional 20,983 shares during the period. NewEdge Wealth LLC bought a new position in shares of The Ensign Group during the 4th quarter worth about $5,224,000. Norges Bank bought a new position in shares of The Ensign Group during the 4th quarter worth about $134,660,000. Finally, Mawer Investment Management Ltd. grew its stake in shares of The Ensign Group by 15.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 126,186 shares of the company’s stock valued at $21,982,000 after buying an additional 17,225 shares during the period. 96.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENSG has been the subject of a number of research analyst reports. Weiss Ratings lowered The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $228.00 price objective on shares of The Ensign Group in a research note on Tuesday, July 28th. Wall Street Zen downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial upped their target price on The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, Zacks Research cut The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.25.

The Ensign Group Stock Down 0.5%

The Ensign Group stock opened at $177.23 on Tuesday. The Ensign Group, Inc. has a fifty-two week low of $141.58 and a fifty-two week high of $218.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day simple moving average is $165.92 and its 200 day simple moving average is $184.01. The stock has a market cap of $10.33 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.71 and a beta of 0.69.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Monday, July 27th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.80 by $0.12. The Ensign Group had a net margin of 6.90% and a return on equity of 16.75%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Research analysts predict that The Ensign Group, Inc. will post 6.93 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 30th. The Ensign Group’s dividend payout ratio (DPR) is presently 4.08%.

Insider Buying and Selling

In other The Ensign Group news, Director John O. Agwunobi sold 392 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $171.06, for a total value of $67,055.52. Following the completion of the transaction, the director owned 9,503 shares in the company, valued at $1,625,583.18. This represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total value of $114,996.00. Following the sale, the director directly owned 21,352 shares of the company’s stock, valued at approximately $3,507,706.56. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.00% of the company’s stock.

The Ensign Group Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.