Q4 Earnings Forecast for Essent Group Issued By Roth Capital

Essent Group Ltd. (NYSE:ESNT) – Stock analysts at Roth Capital lowered their Q4 2024 earnings estimates for Essent Group in a research report issued on Monday, November 4th. Roth Capital analyst H. Fong now forecasts that the financial services provider will post earnings per share of $1.68 for the quarter, down from their previous forecast of $1.72. The consensus estimate for Essent Group’s current full-year earnings is $7.02 per share. Roth Capital also issued estimates for Essent Group’s Q1 2025 earnings at $1.68 EPS, Q2 2025 earnings at $1.72 EPS, Q3 2025 earnings at $1.75 EPS and FY2025 earnings at $6.90 EPS.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada decreased their target price on Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday. The Goldman Sachs Group lowered their price objective on shares of Essent Group from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Essent Group from $68.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods upgraded shares of Essent Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $70.00 in a research note on Monday, August 5th. Finally, BTIG Research increased their price objective on Essent Group from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

Essent Group Stock Up 5.2 %

NYSE:ESNT opened at $56.43 on Tuesday. Essent Group has a 52 week low of $47.56 and a 52 week high of $65.33. The stock’s fifty day moving average is $62.43 and its two-hundred day moving average is $59.34. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, November 1st. The financial services provider reported $1.65 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.08). Essent Group had a return on equity of 13.81% and a net margin of 60.15%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $316.80 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s revenue was up 969.2% compared to the same quarter last year.

Essent Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.98%. Essent Group’s dividend payout ratio (DPR) is currently 16.23%.

Insider Buying and Selling

In other Essent Group news, CFO David B. Weinstock sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $63.59, for a total value of $127,180.00. Following the sale, the chief financial officer now directly owns 25,416 shares in the company, valued at $1,616,203.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Essent Group

Several hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in shares of Essent Group by 726.8% during the third quarter. UMB Bank n.a. now owns 463 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Essent Group in the 1st quarter valued at about $32,000. Harbor Capital Advisors Inc. purchased a new position in Essent Group during the 3rd quarter worth approximately $32,000. Headlands Technologies LLC acquired a new position in Essent Group during the second quarter worth approximately $47,000. Finally, Quarry LP lifted its stake in Essent Group by 167.1% in the second quarter. Quarry LP now owns 836 shares of the financial services provider’s stock valued at $47,000 after buying an additional 523 shares during the last quarter. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

About Essent Group

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.