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About Essent Group (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. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Surety insurance
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ESNT
CUSIPN/A
Phone441-297-9901
Debt
Debt-to-Equity RatioN/A
Current Ratio0.78
Quick Ratio0.78
Price-To-Earnings
Trailing P/E Ratio11.46
Forward P/E Ratio8.12
P/E Growth0.74
Sales & Book Value
Annual Sales$576.51 million
Price / Sales6.07
Cash Flow$3.1670 per share
Price / Cash11.26
Book Value$19.71 per share
Price / Book1.81
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$379.74 million
Net Margins68.82%
Return on Equity18.80%
Return on Assets13.49%
Miscellaneous
Employees397
Outstanding Shares98,110,000
Essent Group (NYSE:ESNT) Frequently Asked Questions
What is Essent Group's stock symbol?
Essent Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESNT."
How were Essent Group's earnings last quarter?
Essent Group (NYSE:ESNT) announced its quarterly earnings results on Friday, May, 4th. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The financial services provider had revenue of $167.50 million for the quarter, compared to the consensus estimate of $165.81 million. Essent Group had a return on equity of 18.80% and a net margin of 68.82%. The company's revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. View Essent Group's Earnings History.
When is Essent Group's next earnings date?
What price target have analysts set for ESNT?
10 analysts have issued 1-year price objectives for Essent Group's shares. Their forecasts range from $38.00 to $62.00. On average, they expect Essent Group's share price to reach $51.75 in the next twelve months. View Analyst Ratings for Essent Group.
What are Wall Street analysts saying about Essent Group stock?
Here are some recent quotes from research analysts about Essent Group stock:
- 1. According to Zacks Investment Research, "Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda. " (5/17/2018)
- 2. Wells Fargo analysts commented, "Wells Fargo Securities, LLC’s research analysts receive compensation that is based upon and impacted by the overall profitability and revenue of the firm, which includes, but is not limited to investment banking revenue." (5/4/2018)
Are investors shorting Essent Group?
Essent Group saw a increase in short interest in April. As of April 30th, there was short interest totalling 983,697 shares, an increase of 42.7% from the April 13th total of 689,489 shares. Based on an average daily volume of 1,226,467 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the stock are short sold.
Who are some of Essent Group's key competitors?
Who are Essent Group's key executives?
Essent Group's management team includes the folowing people:
- Mr. Mark Anthony Casale, Chairman, CEO & Pres (Age 53)
- Mr. Lawrence Edmond McAlee Jr., CPA, Sr. VP & CFO (Age 54)
- Ms. Mary Lourdes Gibbons, Chief Legal Officer, Sr. VP & Assistant Sec. (Age 56)
- Mr. Vijay Bhasin, Chief Risk Officer & Sr. VP (Age 53)
- Mr. Jeffrey Robert Cashmer, Sr. VP of Bus. Devel. (Age 47)
Has Essent Group been receiving favorable news coverage?
Press coverage about ESNT stock has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Essent Group earned a daily sentiment score of 0.15 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 48.11 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Essent Group's major shareholders?
Essent Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.98%), Boston Partners (2.41%), Victory Capital Management Inc. (1.88%), Westfield Capital Management Co. LP (1.44%), Old Mutual Global Investors UK Ltd. (1.10%) and Schwab Charles Investment Management Inc. (0.95%). Company insiders that own Essent Group stock include (Cayman) Co Pbra, Andrew Turnbull, David B Weinstock, Jeff Cashmer, Lawrence E Mcalee Jr, Mark Casale, Mary Lourdes Gibbons, Robert Glanville and Vijay Bhasin. View Institutional Ownership Trends for Essent Group.
Which major investors are selling Essent Group stock?
ESNT stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Vaughan Nelson Investment Management L.P., Victory Capital Management Inc., JPMorgan Chase & Co., Wells Fargo & Company MN, Mckinley Capital Management LLC Delaware, Westfield Capital Management Co. LP and BlackRock Inc.. Company insiders that have sold Essent Group company stock in the last year include Andrew Turnbull, David B Weinstock, Lawrence E Mcalee Jr, Mark Casale, Mary Lourdes Gibbons and Robert Glanville. View Insider Buying and Selling for Essent Group.
Which major investors are buying Essent Group stock?
ESNT stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Point72 Asset Management L.P., Old Mutual Global Investors UK Ltd., Millennium Management LLC, Russell Investments Group Ltd., FIL Ltd, Waterstone Capital Management L.P. and Hsbc Holdings PLC. View Insider Buying and Selling for Essent Group.
How do I buy shares of Essent Group?
Shares of ESNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Essent Group's stock price today?
One share of ESNT stock can currently be purchased for approximately $35.70.
How big of a company is Essent Group?
Essent Group has a market capitalization of $3.49 billion and generates $576.51 million in revenue each year. The financial services provider earns $379.74 million in net income (profit) each year or $3.10 on an earnings per share basis. Essent Group employs 397 workers across the globe.
How can I contact Essent Group?
Essent Group's mailing address is 2 CHURCH STREET, HAMILTON D0, HM 11. The financial services provider can be reached via phone at 441-297-9901 or via email at [email protected]
MarketBeat Community Rating for Essent Group (ESNT)
MarketBeat's community ratings are surveys of what our community members think about Essent Group and other stocks. Vote "Outperform" if you believe ESNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
Essent Group (NYSE:ESNT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Essent Group in the last 12 months. Their average twelve-month price target is $51.75, suggesting that the stock has a possible upside of 45.12%. The high price target for ESNT is $62.00 and the low price target for ESNT is $38.00. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.90 | 2.83 | 2.91 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $51.75 | $51.0682 | $52.6750 | $45.00 |
| Price Target Upside: | 45.12% upside | 46.62% upside | 17.74% upside | 8.23% upside |
Essent Group (NYSE:ESNT) Consensus Price Target History
Essent Group (NYSE:ESNT) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Essent Group (NYSE:ESNT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Essent Group (NYSE ESNT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.00%
Institutional Ownership Percentage: 89.94%
Essent Group (NYSE ESNT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/12/2018 | Mark Casale | CEO | Sell | 370,673 | $44.50 | $16,494,948.50 | 1,845,356 |  |
| 1/24/2018 | Lawrence E Mcalee Jr | CFO | Sell | 200 | $50.08 | $10,016.00 | 247,055 | |
| 12/6/2017 | Andrew Turnbull | Director | Sell | 5,000 | $46.00 | $230,000.00 | 24,596 | |
| 12/4/2017 | Andrew Turnbull | Director | Sell | 15,813 | $45.62 | $721,389.06 | 45,409 | |
| 12/1/2017 | Andrew Turnbull | Director | Sell | 10,000 | $45.00 | $450,000.00 | 45,409 | |
| 11/16/2017 | Robert Glanville | Director | Sell | 3,000 | $44.88 | $134,640.00 | | |
| 10/20/2017 | Lawrence E Mcalee Jr | CFO | Sell | 7,000 | $45.01 | $315,070.00 | 265,167 | |
| 10/20/2017 | Mary Lourdes Gibbons | SVP | Sell | 5,209 | $45.02 | $234,509.18 | 252,857 | |
| 10/16/2017 | David B Weinstock | VP | Sell | 3,000 | $41.71 | $125,130.00 | 25,785 | |
| 10/16/2017 | Mary Lourdes Gibbons | SVP | Sell | 4,836 | $42.04 | $203,305.44 | 258,066 | |
| 9/14/2017 | David B Weinstock | VP | Sell | 2,000 | $38.91 | $77,820.00 | 28,785 | |
| 8/14/2017 | David B Weinstock | VP | Sell | 2,000 | $38.95 | $77,900.00 | 30,785 | |
| 8/7/2017 | Mary Lourdes Gibbons | SVP | Sell | 4,600 | $41.04 | $188,784.00 | 262,902 | |
| 8/4/2017 | Lawrence E Mcalee Jr | CFO | Sell | 3,118 | $40.00 | $124,720.00 | 272,167 | |
| 8/4/2017 | Mary Lourdes Gibbons | SVP | Sell | 4,600 | $40.01 | $184,046.00 | 267,502 | |
| 7/18/2017 | Mary Lourdes Gibbons | SVP | Sell | 393 | $39.00 | $15,327.00 | 272,102 | |
| 7/17/2017 | Mary Lourdes Gibbons | SVP | Sell | 4,207 | $39.00 | $164,073.00 | 275,495 | |
| 7/14/2017 | David B. Weinstock | VP | Sell | 2,000 | $38.51 | $77,020.00 | | |
| 7/7/2017 | Lawrence E Mcalee Jr | CFO | Sell | 2,000 | $39.02 | $78,040.00 | 275,285 | |
| 7/3/2017 | Lawrence E Mcalee Jr | CFO | Sell | 2,000 | $38.01 | $76,020.00 | 279,285 | |
| 6/30/2017 | Lawrence E Mcalee Jr | CFO | Sell | 7,000 | $36.99 | $258,930.00 | 279,285 | |
| 1/25/2017 | Vijay Bhasin | SVP | Sell | 13,131 | $34.06 | $447,241.86 | 294,331 | |
| 1/18/2017 | Vijay Bhasin | SVP | Sell | 10,000 | $32.02 | $320,200.00 | 325,362 | |
| 1/4/2017 | Mark Casale | CEO | Sell | 250,000 | $32.59 | $8,147,500.00 | 2,754,382 | |
| 12/15/2016 | (Cayman) Co Pbra | Insider | Sell | 101,550 | $32.23 | $3,272,956.50 | | |
| 12/12/2016 | Robert Glanville | Director | Sell | 3,000 | $33.73 | $101,190.00 | 23,411 | |
| 11/11/2016 | Lawrence E Mcalee Jr | CFO | Sell | 7,404 | $29.80 | $220,639.20 | 280,719 | |
| 10/19/2016 | Lawrence E Mcalee Jr | CFO | Sell | 3,000 | $28.50 | $85,500.00 | 287,263 | |
| 10/12/2016 | Lawrence E Mcalee Jr | CFO | Sell | 2,000 | $27.50 | $55,000.00 | 290,263 | |
| 9/21/2016 | Lawrence E Mcalee Jr | CFO | Sell | 6,020 | $27.17 | $163,563.40 | 292,263 | |
| 9/19/2016 | Mary Lourdes Gibbons | SVP | Sell | 7,500 | $27.83 | $208,725.00 | 271,481 | |
| 8/16/2016 | Jeff Cashmer | SVP | Sell | 24,000 | $26.15 | $627,600.00 | 158,753 | |
| 7/6/2016 | Andrew Turnbull | Director | Buy | 36,353 | $21.33 | $775,409.49 | 49,864 | |
| 5/19/2016 | (Cayman) Co Pbra | Insider | Buy | 15,534 | $19.64 | $305,087.76 | | |
| 5/16/2016 | Jeff Cashmer | SVP | Sell | 24,000 | $20.15 | $483,600.00 | 182,753 | |
| 3/15/2016 | (Cayman) Co Pbra | Insider | Buy | 265,017 | $19.56 | $5,183,732.52 | | |
| 3/10/2016 | (Cayman) Co Pbra | Insider | Buy | 143,097 | $19.50 | $2,790,391.50 | | |
| 3/9/2016 | (Cayman) Co Pbra | Insider | Buy | 289,838 | $19.42 | $5,628,653.96 | | |
| 3/8/2016 | Robert Glanville | Director | Buy | 1,000 | $19.31 | $19,310.00 | 21,924 | |
| 2/24/2016 | (Cayman) Co Pbra | Insider | Buy | 264,436 | $19.10 | $5,050,727.60 | | |
| 2/23/2016 | (Cayman) Co Pbra | Major Shareholder | Buy | 95,000 | $19.29 | $1,832,550.00 | | |
| 2/22/2016 | (Cayman) Co Pbra | Major Shareholder | Buy | 119,397 | $19.40 | $2,316,301.80 | | |
| 2/18/2016 | (Cayman) Co Pbra | Insider | Buy | 68,572 | $18.14 | $1,243,896.08 | | |
| 11/16/2015 | Robert Glanville | Director | Buy | 1,000 | $23.10 | $23,100.00 | 15,924 | |
| 8/18/2015 | Robert Glanville | Director | Buy | 1,000 | $27.65 | $27,650.00 | 14,924 | |
| 8/14/2015 | (Cayman) Co Pbra | Insider | Sell | 2,600,000 | $27.25 | $70,850,000.00 | | |
| 8/12/2015 | Robert Glanville | Director | Buy | 1,000 | $27.53 | $27,530.00 | | |
| 6/15/2015 | Lawrence E Mcalee Jr | CFO | Sell | 4,000 | $26.75 | $107,000.00 | | |
| 6/15/2015 | Mary Lourdes Gibbons | SVP | Sell | 8,000 | $27.00 | $216,000.00 | | |
| 6/9/2015 | Robert Glanville | Director | Buy | 1,000 | $24.81 | $24,810.00 | | |
| 6/4/2015 | Robert Glanville | Director | Buy | 1,000 | $25.45 | $25,450.00 | | |
| 6/2/2015 | Robert Glanville | Director | Buy | 1,000 | $25.55 | $25,550.00 | | |
| 5/8/2015 | Lawrence E Mcalee Jr | CFO | Sell | 2,000 | $26.00 | $52,000.00 | | |
| 5/8/2015 | Mary Lourdes Gibbons | SVP | Sell | 3,900 | $26.00 | $101,400.00 | | |
| 4/27/2015 | Mary Lourdes Gibbons | SVP | Sell | 100 | $26.00 | $2,600.00 | | |
| 4/15/2015 | Lawrence E Mcalee Jr | CFO | Sell | 2,000 | $25.00 | $50,000.00 | | |
| 4/15/2015 | Mary Lourdes Gibbons | SVP | Sell | 4,000 | $25.00 | $100,000.00 | | |
| 2/20/2015 | Adolfo Marzol | EVP | Sell | 100,000 | $23.66 | $2,366,000.00 | | |
| 11/26/2014 | Goldman Sachs Group Inc | Major Shareholder | Buy | 40,000 | $24.60 | $984,000.00 | | |
| 11/25/2014 | (Cayman) Co Pbra | Insider | Sell | 2,514,662 | $22.25 | $55,951,229.50 | | |
| 11/25/2014 | Adolfo Marzol | EVP | Sell | 73,240 | $22.25 | $1,629,590.00 | | |
| 11/25/2014 | Goldman Sachs Group Inc | Major Shareholder | Sell | 732,402 | $21.25 | $15,563,542.50 | | |
| 11/24/2014 | Goldman Sachs Group Inc | Major Shareholder | Buy | 45,000 | $23.92 | $1,076,400.00 | | |
| 11/21/2014 | Goldman Sachs Group Inc | Major Shareholder | Buy | 20,000 | $24.04 | $480,800.00 | | |
| 8/27/2014 | Adolfo Marzol | EVP | Sell | 50,000 | $21.05 | $1,052,500.00 | | |
| 11/5/2013 | (Cayman) Co Pbra | Insider | Buy | 1,000,000 | $17.00 | $17,000,000.00 | | |
(Data available from 1/1/2013 forward)
Essent Group (NYSE ESNT) News Headlines
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Essent Group (NYSE:ESNT) SEC Filings
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Essent Group (NYSE:ESNT) Income Statement, Balance Sheet and Cash Flow Statement
Essent Group (NYSE ESNT) Stock Chart for Monday, May, 21, 2018
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