Secured Retirement Advisors LLC Boosts Holdings in The Ensign Group, Inc. (NASDAQ:ENSG)

Secured Retirement Advisors LLC grew its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,276 shares of the company’s stock after purchasing an additional 234 shares during the period. Secured Retirement Advisors LLC’s holdings in The Ensign Group were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in The Ensign Group by 16.2% in the third quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after purchasing an additional 71 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of The Ensign Group by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,571 shares of the company’s stock worth $1,538,000 after buying an additional 78 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of The Ensign Group by 7.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company’s stock valued at $157,000 after acquiring an additional 80 shares during the last quarter. Equitable Trust Co. boosted its holdings in The Ensign Group by 1.8% during the 4th quarter. Equitable Trust Co. now owns 4,998 shares of the company’s stock valued at $664,000 after acquiring an additional 87 shares during the period. Finally, DeDora Capital Inc. grew its position in The Ensign Group by 1.4% during the 4th quarter. DeDora Capital Inc. now owns 7,188 shares of the company’s stock worth $955,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial lowered their price objective on 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. Oppenheimer increased 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. Macquarie boosted their price objective on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Stephens reiterated an “overweight” rating and set a $155.00 target price on shares of The Ensign Group in a report on Thursday, February 6th. Finally, UBS Group began coverage on The Ensign Group in a research note on Thursday, November 21st. They issued a “buy” rating and a $175.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus target price of $165.17.

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 value of $5,805,052.72. Following the sale, the chairman now owns 12,539 shares in the company, 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 document filed 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 Monday, February 3rd. The shares were sold at an average price of $138.48, for a total transaction of $96,936.00. Following the transaction, the director now owns 30,752 shares of the company’s stock, valued at $4,258,536.96. The trade was a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,486 shares of company stock worth $5,995,390. 3.90% of the stock is owned by corporate insiders.

The Ensign Group Trading Down 1.2 %

NASDAQ:ENSG opened at $128.01 on Friday. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45. 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 company has a 50-day moving average price of $136.15 and a 200-day moving average price of $143.36. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.62 and a beta of 0.94.

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

The Ensign Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.20%. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, December 31st. The Ensign Group’s dividend payout ratio is presently 4.89%.

The Ensign Group 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.