Essent Group (ESNT) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essent Group in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESNT, but not buy additional shares or sell existing shares.
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7 analysts have issued 12 month target prices for Essent Group's stock. Their ESNT share price targets range from $54.00 to $64.00. On average, they anticipate the company's stock price to reach $58.38 in the next twelve months. This suggests a possible upside of 11.1% 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 shares have decreased by 0.3% and is now trading at $52.56.
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Essent Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,040,000 shares, an increase of 36.1% from the March 15th total of 764,000 shares. Based on an average trading volume of 532,800 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the shares of the company are sold short.
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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 will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "9824537".

Essent Group Ltd. (NYSE:ESNT) announced its earnings results on Friday, February, 9th. The financial services provider reported $1.64 earnings per share 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 period in the prior year, the firm posted $1.37 earnings per share.

Essent Group announced a quarterly dividend on Friday, February 9th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.28 per share on Friday, March 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, March 12th. This is a boost 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 $1.12 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 17.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESNT will have a dividend payout ratio of 15.62% 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 SPDR S&P Bank ETF (KBE), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), 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), AlphaMark Actively Managed Small Cap ETF (SMCP) and First Trust Active Factor Mid Cap ETF (AFMC).

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 a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.01%) and Contravisory Investment Management Inc. (0.00%). 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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