Essent Group FY2024 EPS Estimate Reduced by Roth Capital

Essent Group Ltd. (NYSE:ESNT) – Analysts at Roth Capital cut their FY2024 earnings per share estimates for Essent Group in a note issued to investors on Monday, November 4th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings of $6.95 per share for the year, down from their previous estimate of $7.05. 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 Q4 2025 earnings at $1.76 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $1.77 EPS, Q3 2026 earnings at $1.79 EPS and FY2026 earnings at $7.10 EPS.

ESNT has been the subject of several other reports. Royal Bank of Canada lowered their price objective on shares of Essent Group from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday. BTIG Research boosted their price objective on shares of Essent Group from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, August 5th. 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 report on Tuesday. Barclays lowered their price objective on shares of Essent Group from $72.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of Essent Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $70.00 in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Essent Group currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Essent Group Price Performance

Shares of ESNT opened at $56.43 on Wednesday. Essent Group has a one year low of $47.56 and a one year high of $65.33. The company has a market cap of $6.00 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.33 and a beta of 1.12. The firm has a 50 day simple moving average of $62.43 and a two-hundred day simple moving average of $59.34.

Essent Group (NYSE:ESNT) last announced 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 net margin of 60.15% and a return on equity of 13.81%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $316.80 million. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 969.2% on a year-over-year basis.

Essent Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, December 2nd will be paid a $0.28 dividend. 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 is 16.23%.

Insider Buying and Selling

In related news, CFO David B. Weinstock sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $63.59, for a total value of $127,180.00. Following the sale, the chief financial officer now owns 25,416 shares of the company’s stock, valued at $1,616,203.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

Institutional Trading of Essent Group

Institutional investors have recently modified their holdings of the business. Natixis Advisors LLC boosted its position in Essent Group by 22.7% during the third quarter. Natixis Advisors LLC now owns 13,706 shares of the financial services provider’s stock valued at $881,000 after acquiring an additional 2,532 shares during the last quarter. KBC Group NV boosted its position in Essent Group by 15.8% during the third quarter. KBC Group NV now owns 3,009 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 410 shares during the last quarter. Aigen Investment Management LP bought a new stake in Essent Group during the third quarter valued at $519,000. Entropy Technologies LP boosted its position in Essent Group by 156.7% during the third quarter. Entropy Technologies LP now owns 34,459 shares of the financial services provider’s stock valued at $2,215,000 after acquiring an additional 21,034 shares during the last quarter. Finally, Versor Investments LP boosted its position in Essent Group by 246.7% during the third quarter. Versor Investments LP now owns 15,037 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors own 93.00% of the company’s stock.

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.