Goldman sold 732,402 shares for about $21.25 a share on Nov. 25, as part of a larger Goldman-led stock offering by Essent and several shareholders, the filing stated. Following the sale, Goldman retains more than 5.3 million shares in Essent, adding up to a nearly 6% stake.
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Essent shares closed Friday at $25.20. They rose about 5% in the short week, while the S&P 500 was essentially flat.
Michael DuVally, a Goldman spokesman, and Janice Walker, an outside spokeswoman for Essent, both declined to comment on the sale.
Goldman's sale came on Nov. 25, the same day Essent filed with the Securities and Exchange Commission to sell 13.8 million shares. The company offered 6 million of that total, and the other 7.8 million shares were offered by Essent shareholders, including insider Adolfo Marzol.
Of the 7.8 million to be sold by shareholders, 1.8 million would go to underwriters, led by Goldman, JPMorgan Chase (JPM) and a unit of Bank of America (BAC) . It could not be determined if those shares were actually sold.