The Ensign Group (NASDAQ:ENSG) Given New $133.00 Price Target at Royal Bank of Canada

The Ensign Group (NASDAQ:ENSGFree Report) had its price objective lifted by Royal Bank of Canada from $112.00 to $133.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently issued reports on ENSG. Oppenheimer lifted their price target on shares of The Ensign Group from $127.00 to $130.00 and gave the company an outperform rating in a report on Friday, February 2nd. Stephens lifted their price target on shares of The Ensign Group from $112.00 to $113.00 and gave the company an overweight rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $119.20.

Check Out Our Latest Stock Report on ENSG

The Ensign Group Trading Up 0.7 %

Shares of ENSG stock opened at $118.90 on Tuesday. The Ensign Group has a 12-month low of $85.50 and a 12-month high of $122.90. The company has a market capitalization of $6.74 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.59 and a beta of 0.95. The firm has a 50-day moving average price of $113.92 and a 200 day moving average price of $103.50. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.10.

The Ensign Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were given a dividend of $0.06 per share. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The Ensign Group’s payout ratio is currently 6.56%.

Insider Transactions at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 10,800 shares of The Ensign Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the sale, the chairman now owns 147,400 shares in the company, valued at approximately $17,328,344. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Christopher R. Christensen sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total transaction of $1,269,648.00. Following the completion of the transaction, the chairman now owns 147,400 shares in the company, valued at $17,328,344. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Christopher R. Christensen sold 57,982 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $118.05, for a total transaction of $6,844,775.10. Following the transaction, the chairman now owns 155,703 shares of the company’s stock, valued at approximately $18,380,739.15. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ENSG. Norges Bank acquired a new position in shares of The Ensign Group in the fourth quarter valued at approximately $65,050,000. Capital Research Global Investors boosted its holdings in shares of The Ensign Group by 30.6% in the second quarter. Capital Research Global Investors now owns 1,829,577 shares of the company’s stock valued at $174,651,000 after buying an additional 428,435 shares during the period. BlackRock Inc. boosted its holdings in shares of The Ensign Group by 3.2% in the second quarter. BlackRock Inc. now owns 9,552,038 shares of the company’s stock valued at $911,838,000 after buying an additional 299,626 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of The Ensign Group by 4.7% in the first quarter. Wasatch Advisors Inc. now owns 6,409,214 shares of the company’s stock valued at $576,893,000 after buying an additional 288,585 shares during the period. Finally, WCM Investment Management LLC acquired a new position in shares of The Ensign Group in the third quarter valued at approximately $26,252,000. Institutional investors and hedge funds own 93.02% of the company’s stock.

About The Ensign Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.