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NYSE:ESNT

Essent Group (ESNT) Stock Price, News & Analysis

Essent Group logo
$60.00
-1.00 (-1.64%)
(As of 10/31/2024 ET)

About Essent Group Stock (NYSE:ESNT)

Key Stats

Today's Range
$59.99
$61.01
50-Day Range
$60.49
$64.85
52-Week Range
$46.29
$65.33
Volume
548,686 shs
Average Volume
495,392 shs
Market Capitalization
$6.40 billion
P/E Ratio
8.68
Dividend Yield
1.87%
Price Target
$66.50
Consensus Rating
Moderate Buy

Company Overview

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, as well as risk management products and title insurance and settlement services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. was incorporated in 2008 and is based in Hamilton, Bermuda.

Essent Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

ESNT MarketRank™: 

Essent Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 126th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Essent Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Essent Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Essent Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Essent Group are expected to grow by 2.42% in the coming year, from $7.02 to $7.19 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Essent Group is 8.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Essent Group is 8.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.32.

  • Price to Earnings Growth Ratio

    Essent Group has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Essent Group has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Essent Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.79% of the float of Essent Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Essent Group has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Essent Group has recently increased by 31.56%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Essent Group pays a meaningful dividend of 1.85%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Essent Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Essent Group is 16.94%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Essent Group will have a dividend payout ratio of 15.58% next year. This indicates that Essent Group will be able to sustain or increase its dividend.

  • Read more about Essent Group's dividend.
  • Percentage of Shares Shorted

    0.79% of the float of Essent Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Essent Group has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Essent Group has recently increased by 31.56%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Essent Group has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Essent Group this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for ESNT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Essent Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Essent Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $421,230.00 in company stock.

  • Percentage Held by Insiders

    Only 2.90% of the stock of Essent Group is held by insiders.

  • Percentage Held by Institutions

    93.00% of the stock of Essent Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Essent Group's insider trading history.
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ESNT Stock News Headlines

Essent Group (ESNT) to Release Quarterly Earnings on Friday
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See More Headlines

ESNT Stock Analysis - Frequently Asked Questions

Essent Group's stock was trading at $52.74 on January 1st, 2024. Since then, ESNT shares have increased by 13.8% and is now trading at $60.01.
View the best growth stocks for 2024 here
.

Essent Group Ltd. (NYSE:ESNT) issued its quarterly earnings data on Friday, August, 2nd. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Essent Group's revenue for the quarter was up 9.5% compared to the same quarter last year.

Top institutional shareholders of Essent Group include Allspring Global Investments Holdings LLC (0.25%), New York State Teachers Retirement System (0.12%), Van ECK Associates Corp (0.06%) and GHP Investment Advisors Inc. (0.05%). Insiders that own company stock include Mary Lourdes Gibbons, Vijay Bhasin, Roy James Kasmar, Douglas J Pauls, David B Weinstock, Aditya Dutt, Lawrence E Mcalee Jr, Mark Casale, Robert Glanville 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Essent Group investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

Last Earnings
8/02/2024
Ex-Dividend for 9/10 Dividend
8/30/2024
Dividend Payable
9/10/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Surety insurance
Sub-Industry
Insurance
Fax
N/A
Employees
350
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$66.50
High Stock Price Target
$72.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+10.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$696.39 million
Pretax Margin
71.83%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$6.46 per share
Book Value
$47.79 per share

Miscellaneous

Free Float
103,168,000
Market Cap
$6.40 billion
Optionable
Optionable
Beta
1.12
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This page (NYSE:ESNT) was last updated on 10/31/2024 by MarketBeat.com Staff
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