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Essent Group (NASDAQ:ESNT) shares rose 4.6% during trading on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The stock traded as high as $19.84 and last traded at $19.34, with a volume of 192,844 shares. The stock had previously closed at $18.49.

The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.51 million. The company’s revenue for the quarter was up 83.4% on a year-over-year basis.

A number of analysts have recently weighed in on ESNT shares. Analysts at Paradigm Capital cut their price target on shares of Essent Group from $3.15 to $3.00 in a research note on Tuesday, July 15th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Essent Group in a research note on Monday, May 12th. They now have a $24.50 price target on the stock, down previously from $25.00. Finally, analysts at Compass Point upgraded shares of Essent Group from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $24.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.75.

The stock has a 50-day moving average of $19.13 and a 200-day moving average of $21.29. The company has a market cap of $1.726 billion and a price-to-earnings ratio of 26.60.

Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.

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