ValuEngine lowered shares of Essent Group (NYSE:ESNT) from a strong-buy rating to a buy rating in a research report report published on Friday.

Several other research firms have also issued reports on ESNT. Wells Fargo & Company began coverage on shares of Essent Group in a report on Tuesday. They issued an outperform rating and a $52.00 target price on the stock. Deutsche Bank boosted their target price on shares of Essent Group from $48.00 to $49.00 and gave the company a buy rating in a report on Wednesday, October 25th. BidaskClub upgraded shares of Essent Group from a hold rating to a buy rating in a report on Wednesday, October 18th. Barclays boosted their target price on shares of Essent Group from $45.00 to $46.00 and gave the company an overweight rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Essent Group from a sell rating to a hold rating in a report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $45.78.

Essent Group (NYSE ESNT) traded up $0.82 during mid-day trading on Friday, reaching $45.07. 1,337,166 shares of the company traded hands, compared to its average volume of 1,005,232. The firm has a market capitalization of $4,355.71, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.15. Essent Group has a 1-year low of $30.92 and a 1-year high of $45.55.

Essent Group (NYSE:ESNT) last released its earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. Essent Group’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. equities research analysts anticipate that Essent Group will post 3.08 EPS for the current year.

In other news, VP David B. Weinstock sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were 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 $1,120,024.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $45.01, for a total transaction of $315,070.00. Following the transaction, the chief financial officer now owns 265,167 shares in the company, valued at approximately $11,935,166.67. The disclosure for this sale can be found here. Insiders have sold 25,045 shares of company stock worth $1,090,475 in the last quarter. Company insiders own 18.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortaleza Asset Management Inc. acquired a new stake in shares of Essent Group in the 3rd quarter worth about $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Essent Group by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 288 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Essent Group in the 2nd quarter worth about $208,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Essent Group in the 3rd quarter worth about $219,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Essent Group in the 2nd quarter worth about $243,000. Institutional investors own 85.81% of the company’s stock.

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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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