Shares of Essent Group Ltd. (NYSE:ESNT) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $45.00.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, September 8th. Deutsche Bank AG lifted their price target on Essent Group from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. BidaskClub lowered Essent Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $43.00 price target on Essent Group and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Barclays PLC lifted their price target on Essent Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th.

In related news, VP David B. Weinstock sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $38.91, for a total transaction of $77,820.00. Following the transaction, the vice president now owns 28,785 shares in the company, valued at approximately $1,120,024.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mary Lourdes Gibbons sold 5,209 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $45.02, for a total value of $234,509.18. Following the transaction, the senior vice president now owns 252,857 shares in the company, valued at approximately $11,383,622.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,045 shares of company stock worth $955,835. 18.10% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Fortaleza Asset Management Inc. bought a new stake in Essent Group during the 3rd quarter valued at approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Essent Group by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 288 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Essent Group during the 2nd quarter valued at approximately $206,000. Teacher Retirement System of Texas bought a new stake in Essent Group during the 2nd quarter valued at approximately $208,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Essent Group during the 3rd quarter valued at approximately $219,000. Institutional investors own 82.51% of the company’s stock.

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Essent Group (NYSE ESNT) traded down $0.07 during trading hours on Monday, reaching $44.80. The company had a trading volume of 925,900 shares, compared to its average volume of 689,339. The company has a market capitalization of $4,410.00, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. Essent Group has a 12 month low of $28.03 and a 12 month high of $45.22.

Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The company had revenue of $150.20 million during the quarter, compared to analyst estimates of $143.79 million. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. research analysts anticipate that Essent Group will post 3.05 EPS for the current year.

About Essent Group

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Analyst Recommendations for Essent Group (NYSE:ESNT)

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