Headlines about Essent Group (NYSE:ESNT) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essent Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.4691339971256 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
Shares of Essent Group (NYSE ESNT) traded up $1.75 during midday trading on Wednesday, reaching $47.46. The company’s stock had a trading volume of 908,984 shares, compared to its average volume of 711,788. Essent Group has a 1 year low of $33.45 and a 1 year high of $50.08. The firm has a market capitalization of $4,403.94, a price-to-earnings ratio of 11.72, a PEG ratio of 1.12 and a beta of 1.15.
Essent Group (NYSE:ESNT) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Essent Group had a return on equity of 18.84% and a net margin of 65.87%. The firm had revenue of $161.77 million for the quarter, compared to analyst estimates of $155.22 million. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. research analysts anticipate that Essent Group will post 3.99 EPS for the current year.
Several research firms have recently commented on ESNT. Zelman & Associates upgraded Essent Group from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada raised their price objective on Essent Group to $59.00 and gave the stock an “outperform” rating in a research note on Monday. Compass Point raised their price objective on Essent Group from $57.50 to $60.75 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank raised their price objective on Essent Group from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, December 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.52.
In other news, Director Robert Glanville sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.88, for a total transaction of $134,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew Turnbull sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the director now directly owns 24,596 shares in the company, valued at $1,131,416. The disclosure for this sale can be found here. Insiders have sold 34,013 shares of company stock worth $1,546,045 over the last three months. Corporate insiders own 18.10% of the company’s stock.
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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.
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