Essent Group (ESNT) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ESNT shares.
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5 brokerages have issued 12-month price objectives for Essent Group's shares. Their ESNT share price forecasts range from $43.00 to $49.00. On average, they predict the company's stock price to reach $45.80 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
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Essent Group's stock was trading at $38.88 at the beginning of the year. Since then, ESNT shares have increased by 19.9% and is now trading at $46.61.
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Essent Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,550,000 shares, an increase of 13.1% from the April 30th total of 1,370,000 shares. Based on an average daily volume of 497,100 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.5% 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, August 4th 2023.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) announced its quarterly earnings data on Friday, May, 5th. The financial services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16. The financial services provider earned $256.30 million during the quarter, compared to analyst estimates of $250.57 million. Essent Group had a trailing twelve-month return on equity of 16.47% and a net margin of 73.35%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.52 earnings per share.

Essent Group announced a quarterly dividend on Friday, May 5th. Investors of record on Thursday, June 1st will be paid a dividend of $0.25 per share on Monday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for ESNT.

ETFs with the largest weight of Essent Group (NYSE:ESNT) stock in their portfolio include Global X Founder-Run Companies ETF (BOSS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), SPDR S&P Bank ETF (KBE), Invesco S&P MidCap Quality ETF (XMHQ), Fidelity U.S. Multifactor ETF (FLRG), First Trust Mid Cap Value AlphaDEX Fund (FNK), Fidelity Quality Factor ETF (FQAL) and Invesco S&P MidCap 400 Pure Value ETF (RFV).

Essent Group (NYSE:ESNT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.12%. 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 14.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 14.73% 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.36%), FMR LLC (8.99%), State Street Corp (3.74%), Macquarie Group Ltd. (3.67%), Cooke & Bieler LP (3.60%) and Dimensional Fund Advisors LP (2.84%). 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 $46.61.

Essent Group (NYSE:ESNT) has a market capitalization of $5.00 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 $6.78 on an earnings per share basis.

The company employs 343 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.