Segall Bryant & Hamill LLC Has $39.84 Million Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Segall Bryant & Hamill LLC grew its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,832 shares of the company’s stock after buying an additional 10,410 shares during the period. Segall Bryant & Hamill LLC’s holdings in The Ensign Group were worth $39,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised 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 valued at $287,061,000 after acquiring an additional 593,779 shares in the last quarter. Raymond James Financial Inc. acquired a new position in The Ensign Group during the fourth quarter valued at approximately $36,167,000. Wellington Management Group LLP raised its position 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 valued at $93,449,000 after purchasing an additional 229,586 shares during the period. World Investment Advisors LLC acquired a new stake in shares of The Ensign Group in the third quarter worth $21,744,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of The Ensign Group during the 3rd quarter worth $18,843,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insiders Place Their Bets

In other The Ensign Group news, Chairman Christopher R. Christensen sold 39,086 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the sale, the chairman now directly owns 12,539 shares of the company’s stock, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry M. Smith sold 700 shares of The Ensign Group 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 completion of the transaction, the director now owns 30,852 shares of the company’s stock, valued at $4,116,582.36. This trade represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,186 shares of company stock worth $6,345,115 over the last quarter. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ENSG. Truist Financial cut their target price on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Macquarie boosted their price objective on The Ensign Group from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Finally, Stephens restated an “overweight” rating and set a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and an average target price of $165.17.

The Ensign Group Stock Up 1.7 %

NASDAQ ENSG opened at $130.40 on Tuesday. The Ensign Group, Inc. has a twelve month low of $113.27 and a twelve month high of $158.45. The stock has a market cap of $7.49 billion, a PE ratio of 25.52, a PEG ratio of 1.52 and a beta of 0.98. The firm has a 50-day simple moving average of $132.81 and a 200 day simple moving average of $140.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. On average, research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, March 31st. The Ensign Group’s dividend payout ratio (DPR) is presently 4.89%.

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.