Essent Group Ltd. (NYSE:ESNT – Get Free Report) Director Douglas Pauls sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.70, for a total value of $174,250.00. Following the sale, the director owned 30,154 shares of the company’s stock, valued at approximately $2,101,733.80. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Essent Group Stock Performance
NYSE ESNT opened at $69.32 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50 day simple moving average is $65.89 and its 200-day simple moving average is $62.16. The company has a market cap of $6.23 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Essent Group Ltd. has a 1-year low of $55.34 and a 1-year high of $70.37.
Essent Group (NYSE:ESNT – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. The company had revenue of $362.69 million during the quarter. Essent Group had a net margin of 51.45% and a return on equity of 11.91%. As a group, equities research analysts anticipate that Essent Group Ltd. will post 7.6 EPS for the current fiscal year.
Essent Group Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ESNT. Barclays increased their price target on Essent Group from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Wall Street Zen upgraded Essent Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Royal Bank Of Canada raised their price objective on shares of Essent Group from $68.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their target price on shares of Essent Group from $65.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised Essent Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.86.
Read Our Latest Stock Analysis on ESNT
Institutional Trading of Essent Group
A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Essent Group during the third quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Essent Group during the third quarter worth approximately $27,000. Los Angeles Capital Management LLC purchased a new stake in Essent Group in the 4th quarter worth approximately $27,000. Allworth Financial LP acquired a new stake in Essent Group in the 2nd quarter worth about $31,000. Finally, IFP Advisors Inc grew its holdings in Essent Group by 97.1% in the 4th quarter. IFP Advisors Inc now owns 676 shares of the financial services provider’s stock valued at $44,000 after buying an additional 333 shares during the period. 93.00% of the stock is currently owned by hedge funds and other institutional investors.
Essent Group Company Profile
Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.
Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.
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