Essent Group Ltd. Declares Quarterly Dividend of $0.31 (NYSE:ESNT)

Essent Group Ltd. (NYSE:ESNT) declared a quarterly dividend on Friday, November 7th. Investors of record on Monday, December 1st will be paid a dividend of 0.31 per share by the financial services provider on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 1st.

Essent Group has increased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Essent Group has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Essent Group to earn $7.20 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 17.2%.

Essent Group Stock Performance

NYSE ESNT opened at $61.15 on Friday. The firm’s fifty day moving average price is $61.91 and its two-hundred day moving average price is $59.87. The stock has a market cap of $6.03 billion, a PE ratio of 8.93, a PEG ratio of 2.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.24 and a current ratio of 1.24. Essent Group has a fifty-two week low of $51.61 and a fifty-two week high of $65.90.

Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The firm had revenue of $298.41 million for the quarter, compared to the consensus estimate of $316.84 million. Essent Group had a return on equity of 12.66% and a net margin of 56.36%.The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. On average, equities analysts expect that Essent Group will post 6.88 EPS for the current fiscal year.

Essent Group Company Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.