Essent Group Stock Price, News & Analysis (NYSE:ESNT)

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ESNT shares.
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8 Wall Street analysts have issued twelve-month price objectives for Essent Group's shares. Their ESNT share price targets range from $50.00 to $60.00. On average, they predict the company's stock price to reach $56.38 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
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Essent Group's stock was trading at $38.88 at the beginning of 2023. Since then, ESNT shares have increased by 23.9% and is now trading at $48.17.
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Essent Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 699,500 shares, an increase of 14.2% from the October 31st total of 612,500 shares. Based on an average trading volume of 435,600 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 9th 2024.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) posted its quarterly earnings results on Thursday, November, 2nd. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.09. The financial services provider earned $296.11 million during the quarter, compared to the consensus estimate of $262.26 million. Essent Group had a trailing twelve-month return on equity of 14.33% and a net margin of 64.11%.

Essent Group announced a quarterly dividend on Thursday, November 2nd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.25 per share on Monday, December 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for ESNT.

Essent Group (NYSE:ESNT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 14.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESNT.

ETFs with the largest weight of Essent Group (NYSE:ESNT) stock in their portfolio include Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco S&P MidCap Value with Momentum ETF (XMVM), Inspire Fidelis Multi Factor ETF (FDLS), Fidelity U.S. Multifactor ETF (FLRG), Global X Founder-Run Companies ETF (BOSS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Quality Factor ETF (FQAL).

6 employees have rated Essent Group Chief Executive Officer Mark A. Casale on Glassdoor.com. Mark A. Casale has an approval rating of 100% among the company's employees. This puts Mark A. Casale in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Essent Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), QUALCOMM (QCOM), Walt Disney (DIS), Intel (INTC), Home Depot (HD), CVS Health (CVS), Procter & Gamble (PG) and

Essent Group's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (8.74%), Polar Capital Holdings Plc (2.25%), Bank of New York Mellon Corp (2.08%), Charles Schwab Investment Management Inc. (1.38%), Ameriprise Financial Inc. (1.36%) and Northern Trust Corp (1.32%). Insiders that own company stock include Aditya Dutt, David B Weinstock, David B Weinstock, Douglas J Pauls, Lawrence E Mcalee Jr, Mark Casale, Mary Lourdes Gibbons, Robert Glanville, Roy James Kasmar, Vijay Bhasin and William Spiegel.
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Shares of ESNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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