News articles about Essent Group (NYSE:ESNT) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essent Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.0562305393376 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Essent Group Ltd (ESNT) Chairman, CEO and President Mark Casale Sold $22.3 million of Shares (finance.yahoo.com)
- Insider Selling: Essent Group Ltd (ESNT) CEO Sells 370,673 Shares of Stock (americanbankingnews.com)
- Royal Bank of Canada Raises Essent Group (ESNT) Price Target to $59.00 (americanbankingnews.com)
- Essent Group (ESNT) PT Raised to $60.75 at Compass Point (americanbankingnews.com)
- Essent Group (ESNT) Raised to Buy at Zelman & Associates (americanbankingnews.com)
Shares of Essent Group (NYSE:ESNT) opened at $47.23 on Friday. The stock has a market capitalization of $4,650.00, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. Essent Group has a twelve month low of $33.45 and a twelve month high of $50.08.
Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $161.77 million for the quarter, compared to the consensus estimate of $155.22 million. Essent Group had a return on equity of 18.84% and a net margin of 65.87%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. equities research analysts forecast that Essent Group will post 4.34 earnings per share for the current year.
A number of brokerages have weighed in on ESNT. Royal Bank of Canada began coverage on shares of Essent Group in a report on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 price target for the company. BTIG Research upped their price target on shares of Essent Group from $49.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, December 25th. ValuEngine downgraded shares of Essent Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Deutsche Bank raised shares of Essent Group from a “hold” rating to a “buy” rating and upped their price target for the company from $49.00 to $61.00 in a report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Essent Group has a consensus rating of “Buy” and a consensus target price of $52.52.
In other news, CEO Mark Casale sold 370,673 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Turnbull sold 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the transaction, the director now owns 45,409 shares in the company, valued at approximately $2,043,405. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 401,686 shares of company stock worth $17,906,354. Corporate insiders own 18.10% of the company’s stock.
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About Essent Group
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.
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