Impact of Brokerage Rating on Essent Group Ltd.(ESNT)

Many Essent Group Ltd.(ESNT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Essent Group Ltd was Initiated by Deutsche Bank on Jan 20, 2017 to Buy, Price Target of the shares are set at $38.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Vijay Bhasin (SVP and Chief Risk Officer) sold 13,131 shares at 34.06 per share price.On Jan 4, 2017, Mark Casale (Chairman, CEO and President) sold 250,000 shares at 32.54 per share price.On Dec 14, 2016, Robert Glanville (director) sold 3,000 shares at 33.73 per share price.

Essent Group Ltd Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.63. The company had revenue of $126.37 million for the quarter, compared to analysts expectations of $121.50 million. The companys revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Essent Group Ltd. (NYSE:ESNT) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.63 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Essent Group Ltd. (NYSE:ESNT): 6 analysts have set the short term price target of Essent Group Ltd. (NYSE:ESNT) at $30.17. The standard deviation of short term price target has been estimated at $8.11, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 39 and $18 respectively.

Essent Group Ltd. (NYSE:ESNT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.76% or 0.28 points. After the session commenced at $36.71, the stock reached the higher end at $36.9 while it hit a low of $36.4. With the volume soaring to 897,186 shares, the last trade was called at $36.56. The company has a 52-week high of $38.1. The company has a market cap of $3,404 million and there are 93,105,000 shares in outstanding. The 52-week low of the share price is $16.54.

Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda.


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