Essent Group (ESNT) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ESNT shares.
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7 brokerages have issued twelve-month price targets for Essent Group's shares. Their ESNT share price forecasts range from $43.00 to $59.00. On average, they predict the company's share price to reach $54.29 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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Essent Group's stock was trading at $38.88 on January 1st, 2023. Since then, ESNT stock has increased by 24.2% and is now trading at $48.30.
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Essent Group saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 800,400 shares, a decrease of 9.6% from the July 31st total of 885,500 shares. Based on an average daily volume of 454,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) released its quarterly earnings data on Friday, August, 4th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.10. The financial services provider had revenue of $260.10 million for the quarter, compared to analysts' expectations of $262.07 million. Essent Group had a trailing twelve-month return on equity of 14.74% and a net margin of 66.31%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS.

Essent Group announced a quarterly dividend on Friday, August 4th. Investors of record on Friday, September 1st will be given a dividend of $0.25 per share on Monday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 31st.
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).

Essent Group (NYSE:ESNT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.07%. 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 14.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESNT.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESNT."

Essent Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.82%), State Street Corp (3.74%), Cooke & Bieler LP (3.51%), Dimensional Fund Advisors LP (3.19%), Polar Capital Holdings Plc (2.49%) and Geode Capital Management LLC (2.15%). 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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One share of ESNT stock can currently be purchased for approximately $48.30.

Essent Group (NYSE:ESNT) has a market capitalization of $5.17 billion and generates $1.00 billion in revenue each year. The financial services provider earns $831.35 million in net income (profit) each year or $6.23 on an earnings per share basis.

The company employs 347 workers across the globe.

Essent Group's mailing address is 2 CHURCH STREET, HAMILTON D0, HM 11. The official website for the company is www.essentgroup.com. The financial services provider can be reached via phone at (441) 297-9901 or via email at ir@essentgroup.com.