Essent Group Ltd. (NYSE:ESNT) had its price objective boosted by research analysts at Deutsche Bank AG from $42.00 to $48.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank AG’s target price suggests a potential upside of 18.05% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Barclays PLC lifted their target price on shares of Essent Group from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods set a $43.00 price target on shares of Essent Group and gave the company a “hold” rating in a report on Monday. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Essent Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.50.

Shares of Essent Group (NYSE:ESNT) traded down 1.99% during mid-day trading on Tuesday, reaching $39.85. The company had a trading volume of 933,000 shares. The stock has a market capitalization of $3.72 billion, a P/E ratio of 15.27 and a beta of 1.14. The company’s 50-day moving average is $37.71 and its 200 day moving average is $36.37. Essent Group has a 52-week low of $24.89 and a 52-week high of $39.99.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $137.61 million during the quarter, compared to analyst estimates of $131.99 million. Essent Group had a net margin of 50.92% and a return on equity of 19.26%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Analysts anticipate that Essent Group will post $3.09 EPS for the current fiscal year.

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In other news, CFO Lawrence E. Mcalee, Jr. sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.01, for a total transaction of $76,020.00. Following the transaction, the chief financial officer now owns 279,285 shares in the company, valued at approximately $10,615,622.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $36.99, for a total transaction of $258,930.00. Following the transaction, the chief financial officer now owns 279,285 shares in the company, valued at approximately $10,330,752.15. The disclosure for this sale can be found here. Insiders sold a total of 25,318 shares of company stock worth $978,176 in the last quarter. Insiders own 18.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Essent Group by 2.6% in the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock valued at $105,000 after buying an additional 74 shares during the period. US Bancorp DE raised its position in Essent Group by 4.6% in the first quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock worth $179,000 after buying an additional 218 shares during the period. Riggs Asset Managment Co. Inc. raised its position in Essent Group by 0.4% in the second quarter. Riggs Asset Managment Co. Inc. now owns 57,668 shares of the financial services provider’s stock worth $2,142,000 after buying an additional 246 shares during the period. BNP Paribas Arbitrage SA raised its position in Essent Group by 14.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after buying an additional 360 shares during the period. Finally, Cim LLC raised its position in Essent Group by 2.9% in the first quarter. Cim LLC now owns 17,110 shares of the financial services provider’s stock worth $619,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 86.12% of the company’s stock.

About Essent Group

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Analyst Recommendations for Essent Group (NYSE:ESNT)

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