Does Essent Group Ltd. (ESNT) Have Any Gas After Today’s Big Increase?

April 22, 2018 - By Maria Brooks

Investors sentiment decreased to 1.51 in Q4 2017. Its down 0.24, from 1.75 in 2017Q3. It dived, as 19 investors sold Essent Group Ltd. shares while 70 reduced holdings. 43 funds opened positions while 91 raised stakes. 83.75 million shares or 0.88% more from 83.02 million shares in 2017Q3 were reported.
Moreover, Clark Grp Inc has 0.54% invested in Essent Group Ltd. (NYSE:ESNT) for 406,423 shares. Mutual Of America Cap Management Ltd Liability Corporation has 2,000 shares for 0% of their portfolio. Alliancebernstein L P accumulated 0.08% or 2.52 million shares. 115,497 are owned by Northcoast Asset Mngmt Ltd Liability Corp. Cornercap Inv Counsel has invested 0.11% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Cim Limited Company reported 0.44% in Essent Group Ltd. (NYSE:ESNT). Polar Llp has 1.24M shares. Fmr Ltd Liability owns 7.38M shares. Assetmark accumulated 0% or 164 shares. Art Advsr Ltd Llc has invested 0.07% in Essent Group Ltd. (NYSE:ESNT). Renaissance Technology Limited Liability Company has invested 0.04% in Essent Group Ltd. (NYSE:ESNT). Sg Americas Secs Ltd invested in 3,632 shares or 0% of the stock. Riggs Asset Managment owns 56,880 shares. Mackenzie has invested 0.01% in Essent Group Ltd. (NYSE:ESNT). Citadel Advsr Limited Liability invested 0% of its portfolio in Essent Group Ltd. (NYSE:ESNT).

Since January 24, 2018, it had 0 insider buys, and 2 insider sales for $22.32 million activity. MCALEE LAWRENCE E JR sold $10,016 worth of stock.

The stock of Essent Group Ltd. (NYSE:ESNT) is a huge mover today! The stock increased 1.96% or $0.66 during the last trading session, reaching $34.37. About 1.22 million shares traded or 26.55% up from the average. Essent Group Ltd. (NYSE:ESNT) has risen 21.73% since April 22, 2017 and is uptrending. It has outperformed by 10.18% the S&P500.
The move comes after 8 months positive chart setup for the $3.37 billion company. It was reported on Apr, 22 by Barchart.com. We have $37.46 PT which if reached, will make NYSE:ESNT worth $303.48 million more.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on May, 4 before the open. They expect $1.11 earnings per share, up 54.17 % or $0.39 from last year’s $0.72 per share. ESNT’s profit will be $108.90M for 7.74 P/E if the $1.11 EPS becomes a reality. After $0.79 actual earnings per share reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts 40.51 % EPS growth.

Essent Group Ltd. (NYSE:ESNT) Ratings Coverage

Among 9 analysts covering Essent Group Ltd (NYSE:ESNT), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Essent Group Ltd had 23 analyst reports since October 25, 2017 according to SRatingsIntel. As per Wednesday, December 20, the company rating was maintained by BTIG Research. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 25. The stock of Essent Group Ltd. (NYSE:ESNT) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Buy” rating by Keefe Bruyette & Woods on Sunday, February 11. The firm earned “Buy” rating on Tuesday, April 10 by RBC Capital Markets. The stock has “Buy” rating by Compass Point on Monday, February 12. Deutsche Bank upgraded the stock to “Buy” rating in Monday, January 8 report. The stock of Essent Group Ltd. (NYSE:ESNT) has “Buy” rating given on Friday, February 9 by Susquehanna. As per Friday, November 10, the company rating was maintained by Barclays Capital. The stock of Essent Group Ltd. (NYSE:ESNT) has “Buy” rating given on Thursday, November 9 by BTIG Research.

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 has market cap of $3.37 billion. The firm also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It has a 8.61 P/E ratio. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.

Essent Group Ltd. (NYSE:ESNT) Ratings Chart

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