Press coverage about Essent Group (NYSE:ESNT) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Essent Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.9210845497335 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Several research analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Essent Group in a research report on Wednesday, March 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Wells Fargo restated a “buy” rating on shares of Essent Group in a research report on Tuesday, March 13th. Royal Bank of Canada boosted their price objective on shares of Essent Group to $59.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Zelman & Associates upgraded shares of Essent Group from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Compass Point boosted their price objective on shares of Essent Group from $57.50 to $60.75 and gave the stock a “buy” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Essent Group presently has an average rating of “Buy” and an average target price of $53.31.
Shares of Essent Group stock opened at $42.07 on Monday. The firm has a market cap of $4,126.81, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Essent Group has a 52 week low of $34.08 and a 52 week high of $50.08.
Essent Group (NYSE:ESNT) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $161.77 million during the quarter, compared to analysts’ expectations of $155.22 million. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. equities research analysts forecast that Essent Group will post 4.42 earnings per share for the current fiscal year.
In other Essent Group news, CEO Mark Casale sold 370,673 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.50, for a total transaction of $16,494,948.50. Following the completion of the sale, the chief executive officer now owns 1,845,356 shares in the company, valued at approximately $82,118,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.10% of the company’s stock.
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Essent Group Company Profile
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.
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