Essent Group (NYSE:ESNT) has earned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $52.28.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Essent Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 16th. Susquehanna Bancshares set a $53.00 target price on Essent Group and gave the stock a “buy” rating in a report on Tuesday, April 10th. Deutsche Bank reduced their target price on Essent Group from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Barclays reduced their target price on Essent Group from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, April 11th. Finally, Wells Fargo downgraded Essent Group from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a report on Thursday.

In related news, CEO Mark Casale sold 370,673 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.50, for a total value of $16,494,948.50. Following the sale, the chief executive officer now directly owns 1,845,356 shares in the company, valued at approximately $82,118,342. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Telemus Capital LLC acquired a new position in shares of Essent Group during the 4th quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Essent Group by 50.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,735 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,590 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Essent Group during the 4th quarter valued at $208,000. Jefferies Group LLC acquired a new position in shares of Essent Group during the 4th quarter valued at $209,000. Finally, Waratah Capital Advisors Ltd. acquired a new position in shares of Essent Group during the 4th quarter valued at $267,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

Shares of ESNT opened at $34.37 on Thursday. The stock has a market capitalization of $3,371.49, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17. Essent Group has a one year low of $32.91 and a one year high of $50.08.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. Essent Group had a return on equity of 17.77% and a net margin of 65.87%. The company had revenue of $161.77 million for the quarter, compared to the consensus estimate of $155.22 million. During the same quarter last year, the business posted $0.68 EPS. Essent Group’s quarterly revenue was up 28.0% compared to the same quarter last year. equities analysts forecast that Essent Group will post 4.31 EPS for the current fiscal year.

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About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

Analyst Recommendations for Essent Group (NYSE:ESNT)

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