Wed Sep 11 09:36:59 UTC 2024: ## Arizona State Retirement System Boosts Stake in The Ensign Group

**Phoenix, Arizona – September 11, 2024** – The Arizona State Retirement System has increased its investment in The Ensign Group, Inc. (NASDAQ: ENSG), a leading provider of skilled nursing, senior living, and rehabilitative services. According to the institution’s recent Form 13F filing with the SEC, they purchased an additional 349 shares of the company during the second quarter, raising their stake by 2.2%. Their current holding in The Ensign Group is valued at $1,962,000.

This investment follows a trend of increased interest from institutional investors in The Ensign Group. Several other funds, including Miller Howard Investments Inc. NY, Farther Finance Advisors LLC, Blue Trust Inc., Pitcairn Co., and Harfst & Associates Inc., have also boosted their holdings in the company during recent quarters.

Overall, institutional investors currently own 96.12% of The Ensign Group’s stock, highlighting significant confidence in the company’s future prospects.

The Ensign Group’s stock opened at $151.66 on Wednesday. The company boasts a strong market capitalization of $8.66 billion and has consistently paid a quarterly dividend of $0.06.

The Ensign Group recently announced that COO Spencer Burton sold 7,519 shares of the company’s stock on July 12th, while CEO Barry Port sold 3,000 shares on August 6th. However, insider ownership remains at a significant 3.90%, indicating continued confidence in the company’s long-term growth.

Several research analysts have also expressed optimism about The Ensign Group. Truist Financial recently increased their price target to $160.00 and maintained a “hold” rating, while Macquarie initiated coverage with an “outperform” rating and a $134.00 target price.

Despite some recent insider selling, the overall sentiment towards The Ensign Group remains positive. Strong institutional investment, consistent dividend payments, and favorable analyst opinions suggest that the company is well-positioned for continued success in the healthcare sector.

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