Analyst Rating Update on Essent Group Ltd. (ESNT)

Essent Group Ltd. (NYSE:ESNT) has an average broker rating of 2, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Essent Group Ltd. (NYSE:ESNT) : 4 investment research analysts covering Essent Group Ltd. (NYSE:ESNT) have an average price target of $22.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $18 for the short term. Analysts expect the variance to be within $3.2 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Credit Suisse maintains its outlook on Essent Group Ltd. (NYSE:ESNT). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $30 per share to $24 per share. The rating by the firm was issued on May 2, 2016.

Essent Group Ltd. (NYSE:ESNT): stock turned positive on Tuesday. Though the stock opened at $20.5, the bulls momentum made the stock top out at $21.07 level for the day. The stock recorded a low of $20.44 and closed the trading day at $20.89, in the green by 3.42%. The total traded volume for the day was 884,186. The stock had closed at $20.2 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cashmer Jeff, officer (SVP & Chief Business Officer) of Essent Group Ltd., had unloaded 24,000 shares at an average price of $20.15 in a transaction dated on May 16, 2016. The total value of the transaction was worth $483,600.

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.

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