Essent Group (ESNT) Scheduled to Post Earnings on Friday

Essent Group (NYSE:ESNTGet Free Report) is scheduled to be releasing its 12/31/2023 earnings data before the market opens on Friday, February 9th. Analysts expect Essent Group to post earnings of $1.59 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Essent Group Stock Up 0.6 %

Shares of ESNT stock opened at $53.87 on Wednesday. The stock has a market cap of $5.75 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.82 and a beta of 1.06. Essent Group has a fifty-two week low of $36.53 and a fifty-two week high of $56.45. The business has a fifty day simple moving average of $52.59 and a 200-day simple moving average of $50.33.

Insiders Place Their Bets

In other news, SVP Mary Lourdes Gibbons sold 5,000 shares of Essent Group stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the senior vice president now directly owns 247,969 shares of the company’s stock, valued at approximately $13,638,295. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Essent Group

Several hedge funds have recently modified their holdings of ESNT. Norges Bank bought a new stake in shares of Essent Group in the 4th quarter valued at approximately $40,728,000. Capital World Investors boosted its position in Essent Group by 10.2% during the 1st quarter. Capital World Investors now owns 8,781,249 shares of the financial services provider’s stock valued at $361,875,000 after purchasing an additional 815,259 shares during the period. Envestnet Asset Management Inc. boosted its position in Essent Group by 1,442.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 638,753 shares of the financial services provider’s stock valued at $2,590,000 after purchasing an additional 597,330 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Essent Group during the 4th quarter valued at approximately $17,606,000. Finally, Vanguard Group Inc. boosted its position in Essent Group by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 10,590,130 shares of the financial services provider’s stock valued at $436,419,000 after purchasing an additional 411,585 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ESNT has been the topic of a number of analyst reports. StockNews.com lowered Essent Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. UBS Group initiated coverage on Essent Group in a research note on Wednesday, December 6th. They set a “neutral” rating and a $54.00 price objective on the stock. Finally, Barclays initiated coverage on Essent Group in a research note on Wednesday, November 15th. They set an “overweight” rating and a $60.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Essent Group currently has a consensus rating of “Moderate Buy” and an average target price of $56.38.

Read Our Latest Stock Analysis on Essent Group

Essent Group Company Profile

(Get Free Report)

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.

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Earnings History for Essent Group (NYSE:ESNT)

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