Essent Group - ESNT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ESNT shares.
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5 brokerages have issued twelve-month target prices for Essent Group's stock. Their ESNT share price forecasts range from $47.00 to $72.00. On average, they expect the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 53.1% from the stock's current price.
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Essent Group's stock was trading at $45.53 at the beginning of the year. Since then, ESNT shares have decreased by 22.6% and is now trading at $35.26.
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Essent Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,780,000 shares, a drop of 7.8% from the August 15th total of 1,930,000 shares. Based on an average daily trading volume, of 454,800 shares, the short-interest ratio is presently 3.9 days. Currently, 1.7% of the shares of the stock are sold short.
View Essent Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) released its quarterly earnings results on Friday, August, 5th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.58. The financial services provider earned $244.10 million during the quarter, compared to the consensus estimate of $244.29 million. Essent Group had a net margin of 85.02% and a trailing twelve-month return on equity of 21.13%. Essent Group's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $1.42 earnings per share.

Essent Group announced a quarterly dividend on Friday, August 5th. Investors of record on Thursday, September 1st will be given a dividend of $0.22 per share on Monday, September 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for ESNT.

Essent Group (NYSE:ESNT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.44%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 13.64% 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 FMR LLC (8.93%), State Street Corp (3.82%), Cooke & Bieler LP (3.75%), Macquarie Group Ltd. (3.53%), Price T Rowe Associates Inc. MD (1.83%) 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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One share of ESNT stock can currently be purchased for approximately $35.26.

Essent Group (NYSE:ESNT) has a market capitalization of $3.80 billion and generates $1.03 billion in revenue each year. The financial services provider earns $681.78 million in net income (profit) each year or $8.16 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.