Essent Group Ltd (NYSE:ESNT) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.40.

A number of analysts recently weighed in on the stock. Deutsche Bank raised shares of Essent Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $61.00 in a report on Monday. BidaskClub raised shares of Essent Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. BTIG Research raised shares of Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Wells Fargo & Co assumed coverage on shares of Essent Group in a report on Tuesday, November 28th. They set an “outperform” rating and a $52.00 target price on the stock.

Shares of Essent Group (ESNT) traded up $0.17 during mid-day trading on Tuesday, hitting $45.69. 717,693 shares of the company were exchanged, compared to its average volume of 788,165. The stock has a market cap of $4,530.00, a PE ratio of 15.33, a P/E/G ratio of 1.20 and a beta of 1.15. Essent Group has a 12 month low of $31.54 and a 12 month high of $47.29.

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

In other Essent Group news, SVP Mary Lourdes Gibbons sold 4,836 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $42.04, for a total transaction of $203,305.44. Following the completion of the sale, the senior vice president now owns 258,066 shares of the company’s stock, valued at approximately $10,849,094.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Turnbull sold 5,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the director now directly owns 24,596 shares of the company’s stock, valued at approximately $1,131,416. The disclosure for this sale can be found here. Insiders sold a total of 53,858 shares of company stock worth $2,414,044 in the last three months. Insiders own 18.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortaleza Asset Management Inc. purchased a new stake in shares of Essent Group in the 3rd quarter worth about $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Essent Group by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 288 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in shares of Essent Group in the 3rd quarter worth about $219,000. GSA Capital Partners LLP bought a new position in shares of Essent Group in the 2nd quarter worth about $243,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Essent Group by 5.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,781 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 330 shares in the last quarter. 85.83% of the stock is owned by institutional investors and hedge funds.

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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)

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