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 equities research analysts have issued 1 year target prices for Essent Group's shares. Their ESNT share price forecasts range from $43.00 to $50.00. On average, they anticipate the company's stock price to reach $46.20 in the next year. This suggests a possible upside of 18.6% 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 0.2% and is now trading at $38.96.
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Essent Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,380,000 shares, an increase of 31.4% from the February 13th total of 1,050,000 shares. Based on an average daily volume of 436,400 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.3% of the company's shares are sold short.
View Essent Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) posted its earnings results on Friday, February, 10th. The financial services provider reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by $0.22. The financial services provider had revenue of $230 million for the quarter, compared to analyst estimates of $245.56 million. Essent Group had a net margin of 83.07% and a trailing twelve-month return on equity of 19.28%. Essent Group's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share.

Essent Group announced a quarterly dividend on Friday, February 10th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.25 per share on Monday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from the stock's previous quarterly dividend of $0.23.
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), Fidelity U.S. Multifactor ETF (FLRG), SPDR S&P Bank ETF (KBE), Invesco S&P MidCap Quality ETF (XMHQ), First Trust Mid Cap Value AlphaDEX Fund (FNK), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Fidelity Quality Factor ETF (FQAL).

Essent Group (NYSE:ESNT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.64%. 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 12.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 14.64% 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 Honeywell International (HON).

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

Essent Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cooke & Bieler LP (3.67%), Macquarie Group Ltd. (3.61%), Dimensional Fund Advisors LP (2.54%), Geode Capital Management LLC (1.94%), Charles Schwab Investment Management Inc. (1.31%) and T. Rowe Price Investment Management Inc. (1.07%). 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.

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 $38.96.

Essent Group (NYSE:ESNT) has a market capitalization of $4.21 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 $7.71 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.