Essent Group Ltd. (NYSE:ESNT)‘s stock had its “buy” rating reiterated by equities research analysts at Compass Point in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $50.00 price target on the financial services provider’s stock. Compass Point’s target price would suggest a potential upside of 24.16% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, July 10th. BTIG Research upgraded Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, September 12th. BidaskClub lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods set a $43.00 price target on Essent Group and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Barclays PLC boosted their price target on Essent Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.75.

Essent Group (ESNT) traded up 1.44% during trading on Wednesday, reaching $40.27. Essent Group has a 12 month low of $25.84 and a 12 month high of $41.44. The company has a market capitalization of $3.76 billion, a P/E ratio of 14.33 and a beta of 1.14. The firm’s 50 day moving average is $39.07 and its 200 day moving average is $37.77.

Essent Group (NYSE:ESNT) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.09. Essent Group had a return on equity of 18.77% and a net margin of 50.92%. The business had revenue of $137.61 million for the quarter, compared to analyst estimates of $131.99 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company’s revenue was up 27.2% on a year-over-year basis. Equities research analysts anticipate that Essent Group will post $3.04 earnings per share for the current year.

WARNING: “Essent Group’s (ESNT) “Buy” Rating Reaffirmed at Compass Point” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/essent-groups-esnt-buy-rating-reaffirmed-at-compass-point.html.

In related news, SVP Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.04, for a total transaction of $188,784.00. Following the completion of the sale, the senior vice president now owns 262,902 shares of the company’s stock, valued at $10,789,498.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $38.91, for a total value of $77,820.00. Following the sale, the vice president now directly owns 28,785 shares of the company’s stock, valued at approximately $1,120,024.35. The disclosure for this sale can be found here. Insiders have sold 22,918 shares of company stock valued at $909,690 in the last ninety days. Corporate insiders own 18.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ESNT. US Bancorp DE lifted its holdings in shares of Essent Group by 4.6% during the first quarter. US Bancorp DE now owns 4,946 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 218 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Essent Group by 14.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 360 shares during the period. Sei Investments Co. lifted its holdings in shares of Essent Group by 2.6% during the first quarter. Sei Investments Co. now owns 2,909 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 74 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Essent Group by 24.6% during the first quarter. Ameriprise Financial Inc. now owns 335,544 shares of the financial services provider’s stock worth $12,137,000 after purchasing an additional 66,231 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Essent Group by 15.3% during the first quarter. Parametric Portfolio Associates LLC now owns 87,226 shares of the financial services provider’s stock worth $3,155,000 after purchasing an additional 11,576 shares during the period. 81.40% of the stock is owned by hedge funds and other institutional investors.

Essent Group Company Profile

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)

Receive News & Ratings for Essent Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.