Essent Group Ltd (ESNT) was Reiterated by Compass Point to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 . Compass Point advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Essent Group Ltd. Shares were Reiterated by Compass Point on Feb 16, 2016 to “Neutral” and Lowered the Price Target to $ 22 from a previous price target of $25 .Shares were Reiterated by MKM Partners on Feb 16, 2016 to “Neutral” and Lowered the Price Target to $ 18 from a previous price target of $28 .Shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight” and Lowered the Price Target to $ 25 from a previous price target of $32 .
On the company’s financial health, Essent Group Ltd reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.50. The company had revenue of $102.46 million for the quarter, compared to analysts expectations of $99.74 million. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Essent Group Ltd closed down -0.11 points or -0.55% at $19.73 with 3,56,138 shares getting traded on Wednesday. Post opening the session at $19.75, the shares hit an intraday low of $19.54 and an intraday high of $20.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 10, 2016, Robert Glanville (director) purchased 1,000 shares at $19.31 per share price. According to the SEC, on Jun 17, 2015, Mary Lourdes Gibbons (SVP and Chief Legal Officer) sold 8,000 shares at $27.00 per share price. On Jun 16, 2015, Lawrence E Jr Mcalee (Senior Vice President and CFO) sold 4,000 shares at $26.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Essent Group Ltd. (Essent) is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. The Company offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The mortgage insurance operations are conducted through Essent Holdings’ regulated and licensed wholly owned subsidiaries Essent Guaranty Inc. (Essent Guaranty) and Essent Guaranty of PA Inc. (Essent PA). Essent Group also has a wholly owned Class 3A Insurer licensed pursuant to Section 4 Essent Reinsurance Ltd. (Essent Re) which offers mortgage-related insurance and reinsurance. The Company is licensed to write mortgage guaranty coverage in all 50 states and the District of Columbia. The Company operates additional underwriting and service centers in Winston-Salem North Carolina and Irvine California.