DOWLING & PARTN Estimates Essent Group FY2026 Earnings

Essent Group Ltd. (NYSE:ESNT – Free Report) – Research analysts at DOWLING & PARTN increased their FY2026 EPS estimates for shares of Essent Group in a report issued on Tuesday, November 10th. DOWLING & PARTN analyst G. Dunn now expects that the financial services provider will post earnings per share of $7.36 for the year, up from their prior estimate of $7.34. The consensus estimate for Essent Group’s current full-year earnings is $7.58 per share.

Essent Group (NYSE:ESNT – Get Free Report) last released its quarterly earnings results on Friday, November 6th. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.03). The firm had revenue of $374.18 million during the quarter, compared to analyst estimates of $344.17 million. Essent Group had a return on equity of 11.99% and a net margin of 49.08%. During the same quarter in the prior year, the company earned $1.67 EPS.

Several other research firms have also weighed in on ESNT. Bank of America lowered Essent Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $68.00 in a report on Friday, October 30th. Weiss Ratings upgraded shares of Essent Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, November 4th. Keefe, Bruyette & Woods increased their price objective on shares of Essent Group from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. BTIG Research started coverage on shares of Essent Group in a report on Tuesday, September 22nd. They issued a “hold” rating on the stock. Finally, Wall Street Zen lowered shares of Essent Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.75.

Check Out Our Latest Stock Report on ESNT

Essent Group Stock Performance

NYSE ESNT opened at $64.87 on Friday. The business has a 50 day moving average price of $65.30 and a 200 day moving average price of $63.16. The company has a market capitalization of $5.71 billion, a P/E ratio of 8.86, a PEG ratio of 1.64 and a beta of 0.71. Essent Group has a 1-year low of $55.34 and a 1-year high of $71.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.18.

Essent Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, December 1st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 1st. Essent Group’s dividend payout ratio is 19.13%.

Insider Activity at Essent Group

In other news, SVP Vijay Bhasin sold 14,175 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $70.00, for a total value of $992,250.00. Following the completion of the transaction, the senior vice president owned 184,274 shares of the company’s stock, valued at $12,899,180. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Casale sold 49,042 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $71.09, for a total transaction of $3,486,395.78. Following the transaction, the chief executive officer directly owned 1,989,851 shares in the company, valued at $141,458,507.59. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 118,705 shares of company stock worth $8,352,951 over the last three months. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Essent Group during the 2nd quarter worth $31,000. Root Financial Partners LLC purchased a new stake in shares of Essent Group in the third quarter valued at $43,000. Versant Capital Management Inc grew its position in shares of Essent Group by 790.6% in the second quarter. Versant Capital Management Inc now owns 757 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 672 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Essent Group in the second quarter valued at $55,000. Finally, Farther Finance Advisors LLC increased its stake in Essent Group by 82.3% in the third quarter. Farther Finance Advisors LLC now owns 981 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 443 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.

Essent Group Company Profile

(Get Free Report)

Essent Group is a Bermuda-based provider of mortgage insurance and reinsurance, operating primarily in the United States. Its services help mortgage lenders manage the credit risk associated with residential home loans. Through its U.S. mortgage insurance subsidiary, Essent Guaranty, the company provides private mortgage insurance for eligible borrowers who make smaller down payments on conventional mortgages. The coverage can help lenders reduce potential losses if a borrower defaults. Essent also provides mortgage reinsurance through its reinsurance operations.

Further Reading

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