Shares of Essent Group Ltd (NYSE:ESNT) have been assigned an average rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.88.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Essent Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Wells Fargo & Company assumed coverage on Essent Group in a research report on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 price objective on the stock. Zacks Investment Research raised Essent Group from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Barclays boosted their price objective on Essent Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Finally, Deutsche Bank cut Essent Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research report on Friday, November 3rd.

In other news, VP David B. Weinstock sold 3,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $41.71, for a total transaction of $125,130.00. Following the transaction, the vice president now owns 25,785 shares of the company’s stock, valued at approximately $1,075,492.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $45.01, for a total value of $315,070.00. Following the transaction, the chief financial officer now directly owns 265,167 shares in the company, valued at approximately $11,935,166.67. The disclosure for this sale can be found here. In the last three months, insiders sold 53,858 shares of company stock worth $2,414,044. Insiders own 18.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TD Asset Management Inc. raised its stake in shares of Essent Group by 10.4% during the 2nd quarter. TD Asset Management Inc. now owns 12,700 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 1,200 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Essent Group by 18.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 735,340 shares of the financial services provider’s stock valued at $27,311,000 after purchasing an additional 115,177 shares during the period. First Trust Advisors LP raised its stake in shares of Essent Group by 24.4% during the 2nd quarter. First Trust Advisors LP now owns 94,494 shares of the financial services provider’s stock valued at $3,510,000 after purchasing an additional 18,535 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Essent Group during the 2nd quarter valued at $208,000. Finally, SG Americas Securities LLC bought a new stake in shares of Essent Group during the 2nd quarter valued at $346,000. 85.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Essent Group (ESNT) traded down $0.93 during trading on Friday, reaching $44.77. The company had a trading volume of 785,300 shares, compared to its average volume of 690,675. Essent Group has a 1-year low of $31.33 and a 1-year high of $47.29. The company has a market capitalization of $4,498.44, a P/E ratio of 15.28, a P/E/G ratio of 1.49 and a beta of 1.15.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $143.79 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. Essent Group’s revenue was up 23.9% compared to the same quarter last year. sell-side analysts expect that Essent Group will post 3.08 EPS for the current fiscal year.

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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.

Analyst Recommendations for Essent Group (NYSE:ESNT)

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