Q4 Earnings Estimate for Essent Group Issued By Roth Capital

Essent Group Ltd. (NYSE:ESNT) – Investment analysts at Roth Capital dropped their Q4 2024 earnings estimates for shares of Essent Group in a report released on Monday, November 4th. Roth Capital analyst H. Fong now expects that the financial services provider will earn $1.68 per share for the quarter, down from their prior forecast of $1.72. The consensus estimate for Essent Group’s current full-year earnings is $7.02 per share. Roth Capital also issued estimates for Essent Group’s Q1 2025 earnings at $1.68 EPS, Q2 2025 earnings at $1.72 EPS, Q3 2025 earnings at $1.75 EPS and FY2025 earnings at $6.90 EPS.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, November 1st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.08). The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $316.80 million. Essent Group had a net margin of 60.15% and a return on equity of 13.81%. The firm’s quarterly revenue was up 969.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 earnings per share.

Several other research firms also recently issued reports on ESNT. Barclays decreased their price target on Essent Group from $72.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group lowered their target price on shares of Essent Group from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their price target on shares of Essent Group from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Monday. Keefe, Bruyette & Woods upgraded Essent Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $70.00 in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on Essent Group from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.00.

Essent Group Trading Down 0.9 %

Essent Group stock opened at $53.62 on Tuesday. The company has a market capitalization of $5.70 billion, a P/E ratio of 7.77, a P/E/G ratio of 1.33 and a beta of 1.12. Essent Group has a 1-year low of $47.56 and a 1-year high of $65.33. The firm’s fifty day simple moving average is $62.57 and its 200-day simple moving average is $59.36.

Essent Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 2.09%. Essent Group’s dividend payout ratio is presently 16.23%.

Insider Transactions at Essent Group

In other news, CFO David B. Weinstock sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $63.59, for a total transaction of $127,180.00. Following the completion of the sale, the chief financial officer now owns 25,416 shares of the company’s stock, valued at approximately $1,616,203.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.20% of the stock is owned by insiders.

Institutional Trading of Essent Group

Several institutional investors and hedge funds have recently made changes to their positions in ESNT. UMB Bank n.a. increased its stake in Essent Group by 726.8% in the third quarter. UMB Bank n.a. now owns 463 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 407 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Essent Group during the 1st quarter valued at about $32,000. Harbor Capital Advisors Inc. bought a new position in shares of Essent Group during the 3rd quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in shares of Essent Group in the 2nd quarter valued at approximately $47,000. Finally, Quarry LP raised its holdings in Essent Group by 167.1% during the 2nd quarter. Quarry LP now owns 836 shares of the financial services provider’s stock worth $47,000 after buying an additional 523 shares during the period. Institutional investors own 93.00% of the company’s stock.

About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.