Renaissance Group LLC Has $1.22 Million Stake in Essent Group Ltd. $ESNT

Renaissance Group LLC trimmed its stake in Essent Group Ltd. (NYSE:ESNT) by 43.0% during the third quarter, Holdings Channel reports. The fund owned 19,149 shares of the financial services provider’s stock after selling 14,441 shares during the quarter. Renaissance Group LLC’s holdings in Essent Group were worth $1,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in shares of Essent Group in the second quarter valued at approximately $346,000. KLP Kapitalforvaltning AS grew its stake in Essent Group by 1.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 42,200 shares of the financial services provider’s stock valued at $2,563,000 after buying an additional 500 shares during the last quarter. Inspire Investing LLC raised its holdings in Essent Group by 7.9% in the 2nd quarter. Inspire Investing LLC now owns 6,427 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 472 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Essent Group by 3.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,748 shares of the financial services provider’s stock worth $1,442,000 after acquiring an additional 814 shares during the period. Finally, CWM LLC lifted its position in Essent Group by 163.7% during the 2nd quarter. CWM LLC now owns 20,075 shares of the financial services provider’s stock worth $1,219,000 after acquiring an additional 12,462 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

Essent Group Price Performance

Shares of NYSE:ESNT opened at $65.36 on Friday. The firm has a market capitalization of $6.32 billion, a PE ratio of 9.51, a PEG ratio of 4.14 and a beta of 0.90. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Essent Group Ltd. has a 1-year low of $51.61 and a 1-year high of $67.09. The business’s 50 day moving average is $63.54 and its 200-day moving average is $62.10.

Essent Group (NYSE:ESNT) last issued its earnings results on Friday, November 7th. The financial services provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). Essent Group had a net margin of 55.63% and a return on equity of 12.40%. The firm had revenue of $311.83 million during the quarter, compared to analyst estimates of $316.84 million. During the same quarter in the previous year, the company posted $1.65 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Essent Group Ltd. will post 6.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ESNT shares. Roth Mkm raised their price target on Essent Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Keefe, Bruyette & Woods raised their target price on Essent Group from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 18th. Barclays cut their price target on Essent Group from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Essent Group from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $70.00 target price on shares of Essent Group in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.29.

Insider Buying and Selling at Essent Group

In related news, SVP Mary Lourdes Gibbons sold 4,352 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $67.00, for a total value of $291,584.00. Following the sale, the senior vice president owned 237,896 shares of the company’s stock, valued at $15,939,032. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roy James Kasmar sold 3,250 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $61.44, for a total transaction of $199,680.00. Following the completion of the transaction, the director directly owned 23,573 shares of the company’s stock, valued at $1,448,325.12. This trade represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.

About Essent Group

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.