Shares of Essent Group Ltd (NYSE:ESNT) reached a new 52-week high during trading on Friday . The company traded as high as $46.19 and last traded at $45.72, with a volume of 931800 shares changing hands. The stock had previously closed at $45.55.

ESNT has been the subject of a number of recent analyst reports. Zacks Investment Research cut Essent Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $44.00 price objective on shares of Essent Group in a research report on Thursday, October 12th. Deutsche Bank cut Essent Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Friday, November 3rd. BidaskClub cut Essent Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, BTIG Research upgraded Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.78.

The stock has a market cap of $4,500.41, a PE ratio of 15.29, a P/E/G ratio of 1.49 and a beta of 1.15.

Essent Group (NYSE:ESNT) last issued its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The firm had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $143.79 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. sell-side analysts forecast that Essent Group Ltd will post 3.08 EPS for the current year.

In other Essent Group news, Director Andrew Turnbull sold 10,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the sale, the director now directly owns 45,409 shares in the company, valued at approximately $2,043,405. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David B. Weinstock sold 2,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $38.91, for a total value of $77,820.00. Following the completion of the sale, the vice president now owns 28,785 shares of the company’s stock, valued at $1,120,024.35. The disclosure for this sale can be found here. Insiders have sold 55,858 shares of company stock valued at $2,491,864 over the last quarter. 18.10% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ESNT. Strs Ohio grew its holdings in Essent Group by 1.3% in the 2nd quarter. Strs Ohio now owns 37,900 shares of the financial services provider’s stock valued at $1,407,000 after buying an additional 500 shares in the last quarter. NGAM Advisors L.P. purchased a new stake in Essent Group in the 2nd quarter valued at $1,663,000. TD Asset Management Inc. grew its holdings in Essent Group by 10.4% in the 2nd quarter. TD Asset Management Inc. now owns 12,700 shares of the financial services provider’s stock valued at $472,000 after buying an additional 1,200 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Essent Group by 18.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 735,340 shares of the financial services provider’s stock valued at $27,311,000 after buying an additional 115,177 shares in the last quarter. Finally, Boston Partners grew its holdings in Essent Group by 2.3% in the 2nd quarter. Boston Partners now owns 1,240,959 shares of the financial services provider’s stock valued at $46,089,000 after buying an additional 27,755 shares in the last quarter. Institutional investors own 85.83% 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.

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