Shares of Essent Group (NYSE:ESNT) have earned an average rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $51.75.
ESNT has been the topic of a number of recent research reports. Wells Fargo reaffirmed a “buy” rating on shares of Essent Group in a research report on Tuesday, March 13th. ValuEngine lowered Essent Group from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. Barclays cut their price objective on Essent Group from $57.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, April 11th. Zacks Investment Research lowered Essent Group from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Finally, Deutsche Bank dropped their target price on Essent Group from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th.
Shares of Essent Group traded up $0.05, reaching $35.59, during trading hours on Monday, MarketBeat Ratings reports. 619,358 shares of the company were exchanged, compared to its average volume of 897,051. Essent Group has a 1 year low of $32.73 and a 1 year high of $50.08. The firm has a market capitalization of $3.49 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.74 and a beta of 1.20.
Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, May 4th. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Essent Group had a return on equity of 18.80% and a net margin of 68.82%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $165.81 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s revenue was up 31.3% on a year-over-year basis. equities research analysts expect that Essent Group will post 4.39 EPS for the current year.
Large investors have recently bought and sold shares of the stock. FDx Advisors Inc. purchased a new position in Essent Group in the first quarter valued at $200,000. Telemus Capital LLC purchased a new position in Essent Group in the fourth quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Essent Group by 50.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,735 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,590 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Essent Group during the fourth quarter worth about $208,000. Finally, Jefferies Group LLC purchased a new position in shares of Essent Group during the fourth quarter worth about $209,000. 89.94% of the stock is currently owned by hedge funds and other institutional investors.
Essent Group Company Profile
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.
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