Essent Group (NYSE:ESNT) issued its quarterly earnings data on Friday. The financial services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01, Morningstar.com reports. The business 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 18.55% and a net margin of 51.64%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS.

Essent Group (NYSE ESNT) traded up $0.53 during mid-day trading on Friday, reaching $43.92. The company’s stock had a trading volume of 1,560,000 shares, compared to its average volume of 558,287. The company has a market cap of $4,323.22, a PE ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.15. Essent Group has a 52-week low of $33.45 and a 52-week high of $50.08.

In other Essent Group news, Director Andrew Turnbull sold 5,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the transaction, the director now owns 24,596 shares in the company, valued at approximately $1,131,416. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Glanville sold 3,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.88, for a total value of $134,640.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,013 shares of company stock valued at $1,546,045. Corporate insiders own 18.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in Essent Group during the 4th quarter worth about $611,000. Waratah Capital Advisors Ltd. bought a new position in Essent Group during the 4th quarter worth about $267,000. BlackRock Inc. grew its holdings in shares of Essent Group by 24.7% in the 4th quarter. BlackRock Inc. now owns 7,903,032 shares of the financial services provider’s stock valued at $343,152,000 after acquiring an additional 1,562,879 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Essent Group by 6.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 107,030 shares of the financial services provider’s stock valued at $4,647,000 after acquiring an additional 6,202 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Essent Group by 1.4% in the 4th quarter. Chartwell Investment Partners LLC now owns 95,081 shares of the financial services provider’s stock valued at $4,128,000 after acquiring an additional 1,289 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Several analysts recently commented on ESNT shares. Deutsche Bank raised their price objective on Essent Group from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Essent Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, December 25th. ValuEngine downgraded Essent Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada started coverage on Essent Group in a research note on Wednesday, December 20th. They set an “outperform” rating and a $54.00 price objective on the stock. Finally, BTIG Research raised their price objective on Essent Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.09.

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Essent Group Company Profile

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.

Earnings History for Essent Group (NYSE:ESNT)

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