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NYSE:ESNT

Essent Group - ESNT Stock Forecast, Price & News

$43.82
+0.08 (+0.18%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$43.14
$43.84
50-Day Range
$35.67
$43.76
52-Week Range
$35.53
$50.17
Volume
379,162 shs
Average Volume
631,695 shs
Market Capitalization
$4.72 billion
P/E Ratio
5.37
Dividend Yield
1.92%
Price Target
$54.00

Essent Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
23.2% Upside
$54.00 Price Target
Short Interest
Healthy
2.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
-0.32mentions of Essent Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$351,900 Sold Last Quarter
Proj. Earnings Growth
-17.94%
From $7.86 to $6.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Finance Sector

497th out of 926 stocks

Surety Insurance Industry

4th out of 8 stocks

ESNT stock logo

About Essent Group (NYSE:ESNT) Stock

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. It serves the 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESNT. StockNews.com downgraded Essent Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 10th. BTIG Research lowered their price target on Essent Group to $54.00 in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.00.

Essent Group Trading Up 1.9 %

Shares of ESNT opened at $43.74 on Monday. The company's 50 day simple moving average is $40.07 and its 200-day simple moving average is $41.63. Essent Group has a 12-month low of $35.53 and a 12-month high of $50.17. The firm has a market cap of $4.71 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18.

Essent Group (NYSE:ESNT - Get Rating) last released its earnings results on Friday, August 5th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.65. Essent Group had a return on equity of 21.13% and a net margin of 85.02%. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $244.29 million. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Essent Group will post 7.86 EPS for the current fiscal year.

Essent Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change from Essent Group's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, August 31st. Essent Group's payout ratio is 10.29%.

Insider Buying and Selling

In other Essent Group news, Director Aditya Dutt sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $41.95, for a total transaction of $251,700.00. Following the transaction, the director now owns 29,023 shares in the company, valued at approximately $1,217,514.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Aditya Dutt sold 6,000 shares of Essent Group stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $41.95, for a total value of $251,700.00. Following the sale, the director now directly owns 29,023 shares in the company, valued at $1,217,514.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas J. Pauls sold 2,400 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $41.75, for a total value of $100,200.00. Following the completion of the transaction, the director now owns 26,630 shares of the company's stock, valued at approximately $1,111,802.50. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

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ESNT Stock News Headlines

Essent Group (NYSE:ESNT) Lowered to Hold at StockNews.com
5 Stocks in Focus That Recently Hiked Their Dividends
Essent Group (NYSE:ESNT) PT Lowered to $54.00
Essent Group (ESNT) to Release Quarterly Earnings on Friday
Essent Group Ltd Stock Quote ESNT
Essent Group(ESNT)
Essent Group Enters Oversold Territory
Essent Group Q1 2022 Earnings Preview
Essent Group Ltd. (ESNT)
Is Essent Group (ESNT) Stock Undervalued Right Now?
See More Headlines
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ESNT Company Calendar

Ex-Dividend for 6/10 Dividend
5/31/2022
Dividend Payable
6/10/2022
Last Earnings
8/05/2022
Today
8/15/2022
Ex-Dividend for 9/12 Dividend
8/31/2022
Dividend Payable
9/12/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
343
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$54.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+23.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$681.78 million
Pretax Margin
101.76%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$6.52 per share
Book Value
$38.36 per share

Miscellaneous

Free Float
104,574,000
Market Cap
$4.72 billion
Optionable
Optionable
Beta
1.18














ESNT Stock - Frequently Asked Questions

Should I buy or sell Essent Group stock right now?

5 Wall Street equities 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 equities research analysts is that investors should "buy" ESNT shares.
View ESNT analyst ratings
or view top-rated stocks.

What is Essent Group's stock price forecast for 2022?

5 brokerages have issued 12 month price objectives for Essent Group's stock. Their ESNT share price forecasts range from $47.00 to $72.00. On average, they expect the company's share price to reach $54.00 in the next twelve months. This suggests a possible upside of 23.2% 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 2022?

Essent Group's stock was trading at $45.53 at the beginning of 2022. Since then, ESNT stock has decreased by 3.8% and is now trading at $43.82.
View the best growth stocks for 2022 here
.

Are investors shorting Essent Group?

Essent Group saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,960,000 shares, an increase of 18.8% from the July 15th total of 1,650,000 shares. Based on an average daily trading volume, of 552,900 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.1% of the shares of the company 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, November 4th 2022.
View our ESNT earnings forecast
.

How were Essent Group's earnings last quarter?

Essent Group Ltd. (NYSE:ESNT) issued its earnings results on Friday, August, 5th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.65. The financial services provider had revenue of $244.10 million for the quarter, compared to analyst estimates of $244.29 million. Essent Group had a net margin of 85.02% and a trailing twelve-month return on equity of 21.13%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 EPS.

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

Essent Group declared a quarterly dividend on Friday, August 5th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.22 per share on Monday, September 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for ESNT
.

Is Essent Group a good dividend stock?

Essent Group (NYSE:ESNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.92%. 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 10.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 13.02% 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

What is Essent Group's stock symbol?

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

Who are Essent Group's major shareholders?

Essent Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (8.93%), Cooke & Bieler LP (3.75%), Northern Trust Corp (1.32%), JPMorgan Chase & Co. (1.13%), Pictet Asset Management SA (0.80%) and Millennium Management LLC (0.63%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Essent Group's stock price today?

One share of ESNT stock can currently be purchased for approximately $43.82.

How much money does Essent Group make?

Essent Group (NYSE:ESNT) has a market capitalization of $4.72 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.

How many employees does Essent Group have?

The company employs 343 workers across the globe.

How can I contact Essent Group?

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.

This page (NYSE:ESNT) was last updated on 8/15/2022 by MarketBeat.com Staff

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