Essent Group - ESNT Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ESNT shares.
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4 Wall Street analysts have issued twelve-month price targets for Essent Group's shares. Their ESNT share price forecasts range from $43.00 to $50.00. On average, they expect the company's stock price to reach $45.60 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
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Essent Group's stock was trading at $38.88 at the start of the year. Since then, ESNT stock has increased by 10.4% and is now trading at $42.92.
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Essent Group saw a increase in short interest in December. As of December 30th, there was short interest totaling 1,210,000 shares, an increase of 8.0% from the December 15th total of 1,120,000 shares. Based on an average daily trading volume, of 432,400 shares, the short-interest ratio is presently 2.8 days. Currently, 1.2% of the company's stock are sold short.
View Essent Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our ESNT earnings forecast.

Essent Group will be holding an earnings conference call on Friday, February 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "9824537".

Essent Group Ltd. (NYSE:ESNT) announced its quarterly earnings data on Friday, November, 5th. The financial services provider reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.49. The financial services provider had revenue of $283.50 million for the quarter, compared to analyst estimates of $242.69 million. Essent Group had a trailing twelve-month return on equity of 20.33% and a net margin of 84.17%. Essent Group's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $1.11 EPS.

Essent Group declared a quarterly dividend on Friday, November 4th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.23 per share on Monday, December 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for ESNT.

Essent Group (NYSE:ESNT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.08%. 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 11.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 14.40% 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 institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.38%), Peregrine Capital Management LLC (0.27%), Retirement Systems of Alabama (0.13%), New York State Teachers Retirement System (0.11%), New York State Common Retirement Fund (0.07%) and Comerica Bank (0.04%). 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 $42.92.

Essent Group (NYSE:ESNT) has a market capitalization of $4.62 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 $7.98 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.