Essent Group (ESNT) Stock Price, News & Analysis

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESNT shares.
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8 analysts have issued 12-month target prices for Essent Group's shares. Their ESNT share price targets range from $50.00 to $60.00. On average, they expect the company's share price to reach $56.38 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
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Essent Group's stock was trading at $52.74 at the beginning of the year. Since then, ESNT stock has decreased by 1.9% and is now trading at $51.75.
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Essent Group saw a drop in short interest in December. As of December 31st, there was short interest totaling 723,300 shares, a drop of 29.1% from the December 15th total of 1,020,000 shares. Based on an average daily volume of 449,200 shares, the short-interest ratio is presently 1.6 days. Currently, 0.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our ESNT earnings forecast.

Essent Group Ltd. (NYSE:ESNT) posted its quarterly earnings results on Friday, February, 9th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The financial services provider earned $297.30 million during the quarter, compared to the consensus estimate of $286.18 million. Essent Group had a trailing twelve-month return on equity of 14.44% and a net margin of 62.75%. The company's quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 earnings per share.

Essent Group announced a quarterly dividend on Friday, February 9th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.28 per share on Friday, March 22nd. This represents a $1.12 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, March 12th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for ESNT.

Essent Group (NYSE:ESNT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.93%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 14.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESNT.

ETFs with the largest weight of Essent Group (NYSE:ESNT) stock in their portfolio include Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco S&P MidCap Value with Momentum ETF (XMVM), Inspire Fidelis Multi Factor ETF (FDLS), Fidelity U.S. Multifactor ETF (FLRG), Global X Founder-Run Companies ETF (BOSS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), First Trust Active Factor Mid Cap ETF (AFMC) and Fidelity Quality Factor ETF (FQAL).

6 employees have rated Essent Group Chief Executive Officer Mark A. Casale on Glassdoor.com. Mark A. Casale has an approval rating of 100% among the company's employees. This puts Mark A. Casale in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Essent Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), QUALCOMM (QCOM), Walt Disney (DIS), Intel (INTC), Home Depot (HD), CVS Health (CVS), Procter & Gamble (PG) and

Essent Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.77%), Cooke & Bieler LP (2.56%), Charles Schwab Investment Management Inc. (1.40%), Norges Bank (1.08%), Principal Financial Group Inc. (1.05%) and Boston Partners (0.81%). Insiders that own company stock include Aditya Dutt, David B Weinstock, David B Weinstock, Douglas J Pauls, Lawrence E Mcalee Jr, Mark Casale, Mary Lourdes Gibbons, Robert Glanville, Roy James Kasmar, Vijay Bhasin and William Spiegel.
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Shares of ESNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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