Streetbeat News

ESNT

Essent Group Ltd.

https://www.essentgroup.com

Industry

Insurance - Specialty

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.

Open

55.96

Mkt cap

5.9B

Volume

994K

High

56.44

P/E Ratio

8.04

52-wk high

65.33

Low

55.42

Div yield

0.02

52-wk low

47.56

Keefe, Bruyette & Woods has upgraded Essent Group (NYSE:ESNT) from Market Perform to Outperform and raised the price target from $65 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:09 am

Essent Group (NYSE:ESNT) reported Q2 2024 earnings per share (EPS) of $1.91, surpassing the analyst estimate of $1.69 by 13.02%. The company's sales were $312.942 million, beating the estimate of $308.336 million by 1.49%. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:34 am

Essent Group has announced the pricing of its public offering of $500 million in senior unsecured notes, expected to close on July 1, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:43 am

Over the past three months, four analysts have evaluated Essent Group (NYSE:ESNT) with mixed opinions. The average 12-month price target has increased to $61.0. Analysts have adjusted their ratings and price targets, reflecting their responses to recent market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:01 pm

UBS analyst Douglas Harter maintains a Neutral rating on Essent Group (NYSE:ESNT) and raises the price target from $57 to $58.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:58 pm

RBC Capital analyst Scott Heleniak maintains an Outperform rating on Essent Group (NYSE:ESNT) but lowers the price target from $64 to $61.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:00 pm

Essent Group Ltd. has announced a quarterly cash dividend of $0.28 per common share, which will be payable on June 10 to shareholders who are on record as of May 31.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:43 am

Essent Group (NYSE:ESNT) reported Q1 2024 earnings of $1.70 per share, surpassing the $1.60 estimate, marking a 6.92% increase from last year. However, their sales of $298.357M slightly missed the $298.624M estimate, though it's a 16.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:41 am

Keefe, Bruyette & Woods analyst Bose George maintains a Market Perform rating on Essent Group (NYSE:ESNT) and raises the price target from $62 to $64.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:23 pm

JP Morgan analyst Richard Shane downgraded Essent Group (ESNT) from Overweight to Neutral but raised the price target from $58 to $61.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:24 am

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