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NYSE:ESNT

Essent Group (ESNT) Stock Price, News & Analysis

$56.19
+0.49 (+0.88%)
(As of 05/24/2024 08:49 PM ET)
Today's Range
$55.87
$56.41
50-Day Range
$52.33
$59.51
52-Week Range
$43.27
$59.90
Volume
367,900 shs
Average Volume
519,109 shs
Market Capitalization
$5.99 billion
P/E Ratio
8.50
Dividend Yield
1.99%
Price Target
$59.25

Essent Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
5.4% Upside
$59.25 Price Target
Short Interest
Healthy
0.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.81mentions of Essent Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$140,300 Sold Last Quarter
Proj. Earnings Growth
7.13%
From $6.73 to $7.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.11 out of 5 stars

Finance Sector

267th out of 865 stocks

Surety Insurance Industry

3rd out of 8 stocks

ESNT stock logo

About Essent Group Stock (NYSE:ESNT)

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, as well as risk management products and title insurance and settlement services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. was incorporated in 2008 and is based in Hamilton, Bermuda.

ESNT Stock Price History

ESNT Stock News Headlines

The Analyst Verdict: Essent Group In The Eyes Of 4 Experts
Essent Group: Q1 Earnings Snapshot
Essent Group Ltd (ESNT)
JPMorgan downgrades three consumer finance names
Essent Group Ltd.
Essent Group Ltd's Dividend Analysis
ESNT Jul 2024 45.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/22 Dividend
3/12/2024
Dividend Payable
3/22/2024
Last Earnings
5/03/2024
Today
5/26/2024
Ex-Dividend for 6/10 Dividend
5/31/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Surety insurance
Sub-Industry
N/A
Fax
N/A
Employees
536
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$59.25
High Stock Price Target
$64.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$696.39 million
Pretax Margin
72.53%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$6.71 per share
Book Value
$48.99 per share

Miscellaneous

Free Float
103,579,000
Market Cap
$5.99 billion
Optionable
Optionable
Beta
1.05
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ESNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Essent Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ESNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESNT, but not buy additional shares or sell existing shares.
View ESNT analyst ratings
or view top-rated stocks.

What is Essent Group's stock price target for 2024?

7 equities research analysts have issued 12-month price targets for Essent Group's stock. Their ESNT share price targets range from $55.00 to $64.00. On average, they predict the company's stock price to reach $59.25 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
View analysts price targets for ESNT
or view top-rated stocks among Wall Street analysts.

How have ESNT shares performed in 2024?

Essent Group's stock was trading at $52.74 at the start of the year. Since then, ESNT stock has increased by 6.5% and is now trading at $56.19.
View the best growth stocks for 2024 here
.

Are investors shorting Essent Group?

Essent Group saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 621,900 shares, a decline of 22.8% from the April 15th total of 805,400 shares. Based on an average daily trading volume, of 564,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the company's stock are short sold.
View Essent Group's Short Interest
.

When is Essent Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024.
View our ESNT earnings forecast
.

How were Essent Group's earnings last quarter?

Essent Group Ltd. (NYSE:ESNT) posted its earnings results on Friday, May, 3rd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.14. The financial services provider had revenue of $298.40 million for the quarter, compared to analysts' expectations of $298.69 million. Essent Group had a net margin of 61.40% and a trailing twelve-month return on equity of 14.24%. The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS.

How often does Essent Group pay dividends? What is the dividend yield for Essent Group?

Essent Group announced a quarterly dividend on Thursday, May 2nd. Shareholders of record on Friday, May 31st will be given a dividend of $0.28 per share on Monday, June 10th. This represents a $1.12 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, May 31st.
Read our dividend analysis for ESNT
.

Is Essent Group a good dividend stock?

Essent Group (NYSE:ESNT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.99%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 16.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 15.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESNT.

What is Mark A. Casale's approval rating as Essent Group's CEO?

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.

What other stocks do shareholders of Essent Group own?

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

Who are Essent Group's major shareholders?

Essent Group's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.15%), Capital International Investors (1.98%), Principal Financial Group Inc. (1.17%), Jennison Associates LLC (0.69%), Bamco Inc. NY (0.58%) and LSV Asset Management (0.51%). 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, Vijay Bhasin and William Spiegel.
View institutional ownership trends
.

How do I buy shares of Essent Group?

Shares of ESNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ESNT) was last updated on 5/27/2024 by MarketBeat.com Staff

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