Ultime notizie per Essent Group (NYSE:ESNT) Azioni

Essent Group

Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

Essent Group Ltd

<p>RBC Capital  analyst Scott Heleniak   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and lowers the price target from $73 to $67.</p>


News

Price Target

Analyst Ratings

ESNT

RBC Capital Maintains Outperform on Essent Group, Lowers Price Target to $67

<p>JP Morgan  analyst Richard Shane   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and lowers the price target from $68 to $67.</p>


JP Morgan Maintains Neutral on Essent Group, Lowers Price Target to $67

<p>The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.</p>
<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3 class="wp-block-heading"><strong>Western Union Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>)</strong></h3>
<ul>
<li>On Oct. 23, Western Unio posted better-than-expected quarterly earnings. &#8220;We are pleased with third quarter results, which demonstrate continued progress of our Evolve 2025 strategy,&#8221; said Devin McGranahan, President and Chief Executive Officer. &#8220;We&#8217;ve maintained mid-single digit transaction growth in our Consumer Money Transfer business for five quarters in a row and are now seeing the effect on revenue, with positive adjusted consolidated revenue growth for two consecutive quarters, excluding Iraq.&#8221; The company's stock fell around 8% over the past month and has a <a href="https://www.benzinga.com/quote/WU">52-week low of $10.69</a>.</li>
<li><strong>RSI Value:</strong> 27.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>WU Price Action:</strong> Shares of Western Union fell 0.2% to close at $10.74 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed a<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">lerted to latest WU news</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6.png" alt="" class="wp-image-627101" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6-768x706.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>AGNC Investment Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong></h3>
<ul>
<li>On Oct. 31, AGNC Investment posted third-quarter comprehensive income per common share of 63 cents. &#8220;AGNC generated a very strong economic return of 9.3% in the third quarter, driven by significant book value growth and our compelling monthly dividend, which has remained stable at $0.12 per common share for 55 consecutive months&#8221; said Peter Federico, the Company&#8217;s President and Chief Executive Officer. &#8221; The company's stock fell around 7% over the past five days and<a href="https://www.benzinga.com/quote/AGNC"> has a 52-week low</a> of $7.85.</li>
<li><strong>RSI Value:</strong> 25.31</li>
<li><strong>AGNC Price Action:</strong> Shares of AGNC Investment closed at $9.31 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">trend in AGNC stock.</a> </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7.png" alt="" class="wp-image-627104" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Essent Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>)</strong></h3>
<ul>
<li>On Nov. 1, Essent Group reported worse-than-expected third-quarter EPS and revenues. &#8220;We are pleased with our third quarter financial results, as we continue to generate high quality earnings,&#8221; said Mark A. Casale, Chairman and Chief Executive Officer. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ESNT">low of $47.37</a>.</li>
<li><strong>RSI Value:</strong> 18.57</li>
<li><strong>ESNT Price Action:</strong> Shares of Essent Group fell 10.4% to close at $53.77 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">breakout in ESNT shares</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="410" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8.png" alt="" class="wp-image-627105" style="width:677px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8-300x137.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8-768x349.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>UWM Holdings Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>)</h3>
<ul>
<li>UWM Holdings will announce its third quarter results on Thursday, Nov. 7. The company's shares lost around 20% over the past month. The company's 52-week low is $5.01.</li>
<li><strong>RSI Value:</strong> 20.90</li>
<li><strong>UWMC Price Action:</strong> Shares of UWM Holdings fell 2.3% to close at $6.29 on Friday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">UWMC earnings reports</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9.png" alt="" class="wp-image-627106" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9-768x446.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure></p>
<p><strong>Read More:</strong></p>
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<li><strong> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41684497/jim-cramer-likes-cava-group-calls-this-utilities-stock-terrific">Jim Cramer Likes Cava Group, Calls This Utilities Stock &#8216;Terrific&#8217;</a></strong></li>
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Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

AGNC

UWMC

Top 4 Financials Stocks That Are Preparing To Pump In Q4

<p>Barclays  analyst Terence Malone   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Overweight and lowers the price target from $72 to $69.</p>


Barclays Maintains Overweight on Essent Group, Lowers Price Target to $69

WIIM

Essent Group shares are trading lower after the company reported worse-than-expected Q3 EPS and revenues.

<p>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) reported quarterly earnings of $1.65 per share which missed the analyst consensus estimate of $1.73 by 4.62 percent. This is a 0.6 percent decrease over earnings of $1.66 per share from the same period last year.  The company reported quarterly sales of $316.58 million which missed the analyst consensus estimate of $317.47 million by 0.28 percent.  This is a 6.91 percent increase over sales of $296.11 million the same period last year.</p>


Earnings

Earnings Misses

Essent Group Q3 EPS $1.65 Misses $1.73 Estimate, Sales $316.58M Miss $317.47M Estimate

<p>Barclays  analyst Terence Malone   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Overweight and raises the price target from $64 to $72.</p>


Barclays Maintains Overweight on Essent Group, Raises Price Target to $72

<p>JP Morgan  analyst Richard Shane   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and raises the price target from $63 to $68.</p>


JP Morgan Maintains Neutral on Essent Group, Raises Price Target to $68

Essent Group Announced That Its Subsidiary Has Obtained $363.4M Of Fully Collateralized Excess Of Loss Reinsurance Coverage On Mortgage Insurance Policies Written In July 2023 Through July 2024 From Radnor Re 2024-1

<p>BTIG  analyst Mark Palmer   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Buy and raises the price target from $61 to $64.</p>


BTIG Maintains Buy on Essent Group, Raises Price Target to $64

<p>RBC Capital  analyst Scott Heleniak   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and raises the price target from $61 to $67.</p>


RBC Capital Maintains Outperform on Essent Group, Raises Price Target to $67

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a></p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5dfa5c7f3513fb0001efbfda/ken-herbert">RBC Capital analyst Ken Herbert</a> upgraded the rating for <strong>Lockheed Martin Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) from Sector Perform to Outperform, while raising the price target from $500 to $600. Lockheed Martin shares gained 2.4% to trade at $562.00 on Monday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df22a3dbffdfc0001d6fa45/christopher-allen">Citigroup analyst Christopher Allen </a>upgraded <strong>Robinhood Markets, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) from Sell to Neutral and announced a price target of $18. Robinhood shares fell 21% to trade at $14.13 on Monday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/bose-george">Keefe, Bruyette &amp; Woods analyst Bose George </a>upgraded<strong> Essent Group Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) from Market Perform to Outperform and raised the price target from $65 to $70. Essent Group shares fell 2.1% to trade at $58.72 on Monday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/nikolay-beliov">B of A Securities analyst Nikolay Beliov </a>upgraded the rating for <strong>Five9, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) from Underperform to Buy and maintained the price target of $63. Five9 shares fell 1.6% to trade at $40.13 on Monday. <a href="https://www.benzinga.com/quote/FIVN/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5841bdbcaae83900016b3c7a/jeffrey-zekauskas">JP Morgan analyst Jeffrey Zekauskas </a>upgraded <strong>Celanese Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from Underweight to Neutral, but lowered the price target from $156 to $130. Celanese shares fell 4.4% to trade at $131.55 on Monday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/08/40142776/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a></strong></li>
</ul>


Upgrades

FIVN

HOOD

This Robinhood Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday

<p>JP Morgan  analyst Richard Shane   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and raises the price target from $62 to $63.</p>


JP Morgan Maintains Neutral on Essent Group, Raises Price Target to $63

<p>In the preceding three months, 4 analysts have released ratings for Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $63.5, a high estimate of $70.00, and a low estimate of $58.00. This current average reflects an increase of 3.25% from the previous average price target of $61.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722862869_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The standing of Essent Group among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Terence Malone</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Essent Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Essent Group compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Essent Group's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Essent Group's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ESNT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Essent Group analyst ratings.</strong></a></p>
<h2>Get to Know Essent Group Better</h2>
<p>Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.</p>
<h3>Essent Group: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Essent Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>15.96%</strong> as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Essent Group's net margin is impressive, surpassing industry averages. With a net margin of <strong>60.52%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Essent Group's ROE excels beyond industry benchmarks, reaching <strong>3.52%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Essent Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.8%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Essent Group's debt-to-equity ratio is below the industry average at <strong>0.08</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What Analysts Are Saying About Essent Group Stock

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   upgrades Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) from Market Perform to Outperform and raises the price target from $65 to $70.</p>


Keefe, Bruyette & Woods Upgrades Essent Group to Outperform, Raises Price Target to $70

<p>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) reported quarterly earnings of $1.91 per share which beat the analyst consensus estimate of $1.69 by 13.02 percent. This is a 18.63 percent increase over earnings of $1.61 per share from the same period last year.  The company reported quarterly sales of $312.942 million which beat the analyst consensus estimate of $308.336 million by 1.49 percent.  This is a 20.30 percent increase over sales of $260.128 million the same period last year.</p>


Earnings Beats

Essent Group Q2 2024 GAAP EPS $1.91 Beats $1.69 Estimate, Sales $312.942M Beat $308.336M Estimate

<p>Barclays  analyst Terence Malone   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Overweight and raises the price target from $63 to $64.</p>


Barclays Maintains Overweight on Essent Group, Raises Price Target to $64

<p>JP Morgan  analyst Richard Shane   maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and raises the price target from $61 to $62.</p>


JP Morgan Maintains Neutral on Essent Group, Raises Price Target to $62

Offerings

Essent Group Announced That It Has Priced Its Public Offering Of $500M Aggregate Principal Amount Of Senior Unsecured Notes, Expected To Close On July 1, 2024, Subject To Customary Closing Conditions

<p>Throughout the last three months, 4 analysts have evaluated Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for Essent Group, revealing an average target of $61.0, a high estimate of $64.00, and a low estimate of $58.00. This current average has increased by 1.24% from the previous average price target of $60.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716386465_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of Essent Group among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$61.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$64.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Essent Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Essent Group compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Essent Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Essent Group's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ESNT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Essent Group analyst ratings.</strong></a></p>
<h2>All You Need to Know About Essent Group</h2>
<p>Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.</p>
<h3>Breaking Down Essent Group's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Essent Group displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately <strong>15.96%</strong>. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Essent Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>60.52%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Essent Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>3.52%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Essent Group's ROA excels beyond industry benchmarks, reaching <strong>2.8%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Essent Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.08</strong>.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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Press Releases

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