Essent Group Ltd (ESNT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.53. The company posted revenue of $108.20 million in the period, compared to analysts expectations of $105.92 million. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Essent Group Ltd closed down -0.26 points or -1.09% at $23.58 with 3,27,369 shares getting traded on Tusday. Post opening the session at $23.77, the shares hit an intraday low of $23.57 and an intraday high of $23.85 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 8, 2016, Andrew Turnbull (director) purchased 36,353 shares at $21.33 per share price. According to the SEC, on May 18, 2016, Jeff Cashmer (SVP & Chief Business Officer) sold 24,000 shares at $20.15 per share price. On Mar 10, 2016, Robert Glanville (director) purchased 1,000 shares at $19.31 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.