Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Essent Group (ESNT) Share Price

Media headlines about Essent Group (NYSE:ESNT) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essent Group earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.1849409522351 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research firms recently weighed in on ESNT. BTIG Research raised their price objective on Essent Group from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Royal Bank of Canada assumed coverage on Essent Group in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $54.00 target price for the company. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, December 25th. ValuEngine downgraded Essent Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Co assumed coverage on Essent Group in a research report on Tuesday, November 28th. They issued an “outperform” rating and a $52.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $48.20.

Essent Group (NYSE ESNT) traded down $1.18 during trading on Friday, reaching $43.42. The company’s stock had a trading volume of 665,239 shares, compared to its average volume of 657,354. The company has a market capitalization of $4,274.00, a P/E ratio of 14.52, a PEG ratio of 1.41 and a beta of 1.15. Essent Group has a 1 year low of $31.54 and a 1 year high of $47.29.

Essent Group (NYSE:ESNT) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $150.20 million during the quarter, compared to the consensus estimate of $143.79 million. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. sell-side analysts anticipate that Essent Group will post 3.08 earnings per share for the current fiscal year.

In other news, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $45.01, for a total transaction of $315,070.00. Following the completion of the transaction, the chief financial officer now directly owns 265,167 shares in the company, valued at $11,935,166.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Glanville sold 3,000 shares of the firm’s 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. Insiders have sold 53,858 shares of company stock valued at $2,414,044 over the last 90 days. 18.10% of the stock is owned by corporate insiders.

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About Essent Group

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.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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