Essent Group (NYSE:ESNT) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

ESNT has been the topic of a number of other reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $44.00 price objective on shares of Essent Group in a research report on Thursday, October 12th. BidaskClub downgraded shares of Essent Group from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Deutsche Bank downgraded shares of Essent Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, October 9th. Finally, Compass Point reaffirmed a “buy” rating and issued a $50.00 target price (up from $38.00) on shares of Essent Group in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Essent Group has a consensus rating of “Buy” and a consensus price target of $45.78.

Shares of Essent Group (NYSE ESNT) traded up $0.82 during trading on Friday, reaching $45.07. 1,337,166 shares of the company’s stock were exchanged, compared to its average volume of 1,005,232. The stock has a market cap of $4,436.42, a P/E ratio of 15.07, a P/E/G ratio of 1.46 and a beta of 1.15. Essent Group has a fifty-two week low of $30.92 and a fifty-two week high of $45.55.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.07. The business had revenue of $150.20 million for the quarter, compared to the consensus estimate of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. analysts predict that Essent Group will post 3.08 earnings per share for the current fiscal year.

In related news, Director Robert Glanville sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $44.88, for a total value of $134,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David B. Weinstock sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $38.91, for a total transaction of $77,820.00. Following the completion of the transaction, the vice president now owns 28,785 shares in the company, valued at approximately $1,120,024.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,045 shares of company stock worth $1,090,475. 18.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Albion Financial Group UT boosted its stake in Essent Group by 0.9% in the 2nd quarter. Albion Financial Group UT now owns 15,704 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 145 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Essent Group by 0.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,746 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Essent Group by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 288 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Essent Group by 5.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 330 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Essent Group by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 66,100 shares of the financial services provider’s stock valued at $2,455,000 after acquiring an additional 500 shares during the period. Institutional investors own 85.81% of the company’s stock.

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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.

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Analyst Recommendations for Essent Group (NYSE:ESNT)

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