On a relative basis, the stock has outperformed the S&P 500 by 0.65% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.15% in the last 1 week, and is up 0.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.35% and the 50-Day Moving Average is 2.59%.The 200 Day SMA reached 21.93%
Essent Group Ltd. (NYSE:ESNT): After opening at $26.63, the stock dipped to an intraday low of $26.18 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.81 and the buying power remained strong till the end. The stock closed at $26.61 for the day, a gain of 0.60% for the day session. The total traded volume was 670,503. The stocks close on the previous trading day was $26.61.
Essent Group Ltd. (ESNT) : 4 investment research analysts covering Essent Group Ltd. (ESNT) have an average price target of $25.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $18 for the short term. Analysts expect the variance to be within $5.5 of the average price.
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.