Essent Group Ltd (NYSE:ESNT) was down 6.7% during mid-day trading on Tuesday . The company traded as low as $36.22 and last traded at $36.34. Approximately 671,066 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 759,095 shares. The stock had previously closed at $38.94.

Several research analysts have weighed in on ESNT shares. Zacks Investment Research cut shares of Essent Group from a “buy” rating to a “sell” rating in a report on Monday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Essent Group from $42.50 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. ValuEngine cut shares of Essent Group from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, Barclays increased their price target on shares of Essent Group from $51.00 to $53.00 and gave the company a “buy” rating in a report on Monday, November 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Essent Group presently has an average rating of “Buy” and an average target price of $50.43.

The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.84 and a beta of 1.29.

Essent Group (NYSE:ESNT) last announced its earnings results on Friday, November 9th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. Essent Group had a net margin of 72.96% and a return on equity of 20.18%. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $181.40 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. On average, research analysts expect that Essent Group Ltd will post 4.61 EPS for the current fiscal year.

In related news, SVP Jeff Cashmer sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $40.06, for a total transaction of $1,001,500.00. Following the sale, the senior vice president now owns 143,395 shares in the company, valued at approximately $5,744,403.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vijay Bhasin sold 27,869 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $44.64, for a total transaction of $1,244,072.16. Following the sale, the senior vice president now owns 278,515 shares in the company, valued at approximately $12,432,909.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,468 shares of company stock worth $3,941,196. Company insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Telemus Capital LLC acquired a new stake in Essent Group in the third quarter valued at approximately $208,000. Regal Investment Advisors LLC acquired a new stake in Essent Group in the third quarter valued at approximately $244,000. Rehmann Capital Advisory Group acquired a new stake in Essent Group in the second quarter valued at approximately $202,000. Signition LP acquired a new stake in Essent Group in the third quarter valued at approximately $268,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Essent Group in the third quarter valued at approximately $277,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

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Essent Group Company Profile (NYSE:ESNT)

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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