Zelman & Associates upgraded shares of Essent Group (NYSE:ESNT) from a hold rating to a buy rating in a research report report published on Monday morning, The Fly reports.

Several other research analysts have also recently issued reports on ESNT. BidaskClub upgraded shares of Essent Group from a hold rating to a buy rating in a report on Wednesday, October 18th. Deutsche Bank increased their price target on shares of Essent Group from $48.00 to $49.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Barclays increased their price target on shares of Essent Group from $45.00 to $46.00 and gave the stock an overweight rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Essent Group from a sell rating to a hold rating in a research note on Monday, November 13th. Finally, Wells Fargo & Co assumed coverage on shares of Essent Group in a research note on Tuesday, November 28th. They set an outperform rating and a $52.00 price target for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $52.52.

Essent Group (NYSE ESNT) opened at $47.46 on Monday. Essent Group has a twelve month low of $33.45 and a twelve month high of $50.08. The stock has a market cap of $4,499.42, a price-to-earnings ratio of 14.74, a PEG ratio of 1.05 and a beta of 1.15.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Essent Group had a net margin of 65.87% and a return on equity of 18.84%. The business had revenue of $161.77 million during the quarter, compared to analysts’ expectations of $155.22 million. During the same quarter in the prior year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. research analysts forecast that Essent Group will post 4.34 earnings per share for the current year.

In other Essent Group news, CEO Mark Casale sold 370,673 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.50, for a total transaction of $16,494,948.50. Following the completion of the transaction, the chief executive officer now owns 1,845,356 shares in the company, valued at approximately $82,118,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Turnbull sold 15,813 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.62, for a total transaction of $721,389.06. Following the transaction, the director now owns 45,409 shares of the company’s stock, valued at approximately $2,071,558.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 401,686 shares of company stock valued at $17,906,354. 18.10% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in ESNT. New York State Common Retirement Fund raised its position in Essent Group by 23.4% during the 2nd quarter. New York State Common Retirement Fund now owns 120,540 shares of the financial services provider’s stock worth $4,477,000 after buying an additional 22,889 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Essent Group during the 2nd quarter worth $243,000. California Public Employees Retirement System raised its position in Essent Group by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 124,800 shares of the financial services provider’s stock worth $4,635,000 after buying an additional 5,100 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Essent Group by 26.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 110,244 shares of the financial services provider’s stock worth $4,094,000 after buying an additional 23,018 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Essent Group by 47.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 847,800 shares of the financial services provider’s stock worth $31,488,000 after buying an additional 273,347 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

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Essent Group Company Profile

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.

The Fly

Analyst Recommendations for Essent Group (NYSE:ESNT)

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