Essent Group Ltd. (NYSE:ESNT) Announces $0.35 Quarterly Dividend

Essent Group Ltd. (NYSE:ESNT) announced a quarterly dividend on Friday, May 8th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, June 1st.

Essent Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. Essent Group has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Essent Group to earn $7.84 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.9%.

Essent Group Stock Performance

Shares of Essent Group stock opened at $63.12 on Friday. The company has a 50 day moving average of $60.15 and a 200-day moving average of $61.75. Essent Group has a 1-year low of $55.22 and a 1-year high of $67.09. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. The company has a market cap of $5.93 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81.

Essent Group (NYSE:ESNT) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. Essent Group had a net margin of 54.72% and a return on equity of 12.09%. The company had revenue of $336.07 million during the quarter, compared to the consensus estimate of $297.56 million. During the same quarter in the prior year, the firm posted $1.69 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Essent Group will post 7.28 earnings per share for the current fiscal year.

About Essent Group

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.