Essent Group (NYSE: ESNT) has recently received a number of price target changes and ratings updates:

  • 10/18/2017 – Essent Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/12/2017 – Essent Group had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $44.00 price target on the stock.
  • 10/11/2017 – Essent Group had its “buy” rating reaffirmed by analysts at Compass Point. They now have a $50.00 price target on the stock, up previously from $38.00.
  • 10/10/2017 – 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. “
  • 10/9/2017 – Essent Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 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. “
  • 10/4/2017 – 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. “
  • 9/16/2017 – Essent Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/12/2017 – Essent Group was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $44.00 price target on the stock. They wrote, “Growth + Operating Leverage = Upside for ESNT We are upgrading Essent Group (ESNT) to Buy (from Neutral) with a price target of $44 based on 11x our FY19E earnings per share of $3.97. ESNT’s operating performance during 1H17 was significantly better than we had expected on several fronts, including 30% year-over-year growth in insurance-in-force (IIF) in each quarter, annualized ROE north of 19%, and a default rate of just 0.41% at June 30.””
  • 9/8/2017 – Essent Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/8/2017 – Essent Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 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. “
  • 9/7/2017 – 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. “

Shares of Essent Group Ltd. (ESNT) traded down 2.11% during midday trading on Monday, reaching $43.56. 617,714 shares of the company’s stock traded hands. Essent Group Ltd. has a 52-week low of $25.84 and a 52-week high of $45.10. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 15.50 and a beta of 1.14. The stock has a 50 day moving average of $39.96 and a 200-day moving average of $38.11.

Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, topping the 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 firm had revenue of $137.61 million for the quarter, compared to analysts’ expectations of $131.99 million. During the same quarter last year, the business earned $0.57 EPS. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities research analysts expect that Essent Group Ltd. will post $3.04 EPS for the current year.

In related news, VP David B. Weinstock sold 3,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $41.71, for a total value of $125,130.00. Following the transaction, the vice president now owns 25,785 shares in the company, valued at $1,075,492.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary Lourdes Gibbons sold 4,600 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.01, for a total value of $184,046.00. Following the completion of the transaction, the senior vice president now owns 267,502 shares in the company, valued at approximately $10,702,755.02. The disclosure for this sale can be found here. Insiders sold 24,154 shares of company stock worth $981,705 in the last 90 days. 18.10% of the stock is owned by company insiders.

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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