A number of firms have modified their ratings and price targets on shares of Essent Group (NYSE: ESNT) recently:

  • 8/9/2017 – Essent Group had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 8/8/2017 – Essent Group had its price target raised by analysts at Deutsche Bank AG from $42.00 to $48.00. They now have a “buy” rating on the stock.
  • 8/7/2017 – Essent Group was given a new $43.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 8/7/2017 – Essent Group had its price target raised by analysts at Barclays PLC from $43.00 to $45.00. They now have an “overweight” rating on the stock.
  • 8/1/2017 – Essent Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Essent Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda. “
  • 7/25/2017 – Essent Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Essent Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda. “
  • 7/10/2017 – Essent Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda. “

Essent Group Ltd. (ESNT) opened at 38.77 on Wednesday. Essent Group Ltd. has a 12 month low of $25.67 and a 12 month high of $41.44. The firm’s 50-day moving average price is $38.44 and its 200-day moving average price is $36.76. The firm has a market cap of $3.62 billion, a P/E ratio of 13.80 and a beta of 1.14.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The business had revenue of $137.61 million for the quarter, compared to analysts’ expectations of $131.99 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, equities research analysts expect that Essent Group Ltd. will post $3.08 EPS for the current fiscal year.

In other Essent Group news, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of Essent Group stock in a transaction that occurred on Friday, June 30th. The shares were 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 of the company’s stock, valued at approximately $10,330,752.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.04, for a total transaction of $188,784.00. Following the transaction, the senior vice president now directly owns 262,902 shares in the company, valued at approximately $10,789,498.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,918 shares of company stock worth $1,166,960. Insiders own 18.10% of the company’s stock.

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.

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