Essent Group Ltd. (NYSE:ESNT – Get Free Report) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $62.71.
ESNT has been the subject of a number of recent analyst reports. Barclays downgraded shares of Essent Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $69.00 to $58.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Essent Group from $67.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. The Goldman Sachs Group dropped 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, November 5th. Keefe, Bruyette & Woods decreased their target price on shares of Essent Group from $75.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on shares of Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.
Check Out Our Latest Research Report on ESNT
Hedge Funds Weigh In On Essent Group
Essent Group Price Performance
NYSE ESNT opened at $59.22 on Friday. Essent Group has a 1 year low of $50.65 and a 1 year high of $65.33. The company has a market capitalization of $6.29 billion, a PE ratio of 8.58, a P/E/G ratio of 2.68 and a beta of 1.11. The company has a fifty day moving average of $55.70 and a two-hundred day moving average of $59.34.
Essent Group (NYSE:ESNT – Get Free Report) last announced its earnings results on Friday, November 1st. The financial services provider reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.08). The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $316.80 million. Essent Group had a return on equity of 13.81% and a net margin of 60.15%. Essent Group’s quarterly revenue was up 969.2% on a year-over-year basis. During the same quarter last year, the company posted $1.66 EPS. On average, research analysts expect that Essent Group will post 6.94 earnings per share for the current year.
Essent Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, December 2nd. Essent Group’s dividend payout ratio (DPR) is 16.23%.
Essent Group Company Profile
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.
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