Essent Group (NYSE:ESNT) announced its quarterly earnings data on Friday. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04, MarketWatch Earnings reports. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $181.40 million. Essent Group had a net margin of 71.08% and a return on equity of 19.37%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Essent Group stock opened at $39.84 on Friday. The company has a market capitalization of $4.01 billion, a PE ratio of 10.52, a PEG ratio of 0.90 and a beta of 1.30. Essent Group has a fifty-two week low of $32.73 and a fifty-two week high of $50.08.

Several equities analysts have recently issued reports on ESNT shares. JPMorgan Chase & Co. lowered their price objective on shares of Essent Group from $51.00 to $40.00 and set a “$38.36” rating on the stock in a research note on Monday, July 23rd. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, July 25th. Susquehanna Bancshares lifted their target price on shares of Essent Group from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. MKM Partners dropped their target price on shares of Essent Group to $40.00 and set a “neutral” rating on the stock in a research report on Monday, August 6th. Finally, ValuEngine raised shares of Essent Group from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.25.

In other news, CFO Lawrence E. Mcalee, Jr. sold 16,818 shares of Essent Group stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $44.99, for a total value of $756,641.82. Following the transaction, the chief financial officer now directly owns 240,730 shares of the company’s stock, valued at $10,830,442.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $45.51, for a total transaction of $91,020.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,468 shares of company stock worth $3,941,196. 3.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ESNT. Rehmann Capital Advisory Group purchased a new position in Essent Group during the second quarter valued at approximately $202,000. Telemus Capital LLC purchased a new position in Essent Group during the third quarter valued at approximately $208,000. Regal Investment Advisors LLC purchased a new position in Essent Group during the third quarter valued at approximately $244,000. Signition LP purchased a new position in Essent Group during the third quarter valued at approximately $268,000. Finally, GHP Investment Advisors Inc. purchased a new position in Essent Group during the third quarter valued at approximately $277,000. 89.38% of the stock is currently owned by institutional investors and hedge funds.

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About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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Earnings History for Essent Group (NYSE:ESNT)

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