Essent Group Ltd. (NYSE:ESNT) Given Average Rating of "Hold" by Brokerages

Paterniano Del Favero
Agosto 6, 2017

There has been some selling insider activity on Essent Group Ltd. (NYSE:ESNT) recently. Evanson Asset Management LLC bought a new stake in shares of Essent Group during the first quarter valued at $215,000.

Several other institutional investors also recently bought and sold shares of ESNT. The sale was disclosed in a document filed with the SEC, which is available through this link.

Numeric Investors Limited Liability invested 0.11% in Essent Group Ltd (NYSE:ESNT). Finally, ValuEngine upgraded shares of Essent Group from a buy rating to a strong-buy rating in a report on Friday, June 9th. IFC Holdings Incorporated FL raised its stake in Essent Group by 34.6% in the first quarter. The shares were sold at an average price of $39.02, for a total transaction of $78,040.00. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. Keefe, Bruyette & Woods reaffirmed a "hold" rating and set a $40.00 target price on shares of Essent Group in a research note on Tuesday, May 30th. Bank of America Corp raised shares of Essent Group from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $38.00 to $43.00 in a research report on Tuesday, May 9th. During the same quarter in the prior year, the business earned $0.57 earnings per share. Peregrine Capital Management LLC now owns 887,404 shares of the financial services provider's stock valued at $31,512,000 after buying an additional 61,010 shares during the period. The stock of Essent Group Ltd (NYSE:ESNT) has "Overweight" rating given on Wednesday, September 7 by Barclays Capital.

Essent Group Ltd.'s P/E ratio is 15.33 and the market cap of the company is 3.74B. Following the completion of the sale, the chief financial officer now directly owns 279,285 shares of the company's stock, valued at $10,330,752.15.

In other news, CFO Lawrence E. Mcalee, Jr. sold 2,000 shares of the firm's stock in a transaction on Monday, July 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. BNP Paribas Arbitrage SA now owns 2,924 shares of the financial services provider's stock worth $106,000 after buying an additional 360 shares in the last quarter. The stock of Canadian National Railway Company (TSE:CNR) has "Outperform" rating given on Wednesday, October 26 by RBC Capital Markets.

Looking forward, for the quarter ending Sep-17, 6 analysts have a mean sales target of 140.68 million. Essent Group has a 52-week low of $23.38 and a 52-week high of $39.61. Essent Group had 22 analyst reports since August 12, 2015 according to SRatingsIntel. Walleye Trading Ltd Llc reported 0% of its portfolio in Essent Group Ltd (NYSE:ESNT). Barclays PLC lifted their target price on shares of Essent Group from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, May 15th. The stock was sold at an average price of $36.99, for a total value of $258,930.00. Essent Group Ltd. The company has a 50-day moving average of $37.71 and a 200 day moving average of $36.37. Sei Investments Co. now owns 2,909 shares of the financial services provider's stock valued at $105,000 after buying an additional 74 shares during the last quarter. BidaskClub downgraded shares of Essent Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th. Opus Capital Gru Lc has 256,451 shares for 1.23% of their portfolio. The stock of Essent Group Ltd (NYSE:ESNT) has "Neutral" rating given on Friday, August 5 by Compass Point. The company has an average rating of "Hold" and a consensus price target of $38.86. The disclosure for this sale can be found here. Insiders sold 17,600 shares of company stock valued at $669,410 over the last 90 days. The business's revenue for the quarter was up 27.2% on a year-over-year basis. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright & trademark laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/05/essent-group-ltd-nyseesnt-upgraded-at-zacks-investment-research-updated-updated-updated.html. The Firm is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. It arranges healthcare services for persons served by Medicaid, Medicare, the Children's Health Insurance Program (CHIP) and the Marketplace, and products to assist government agencies in their administration of the Medicaid program. It has no change, as 3 investors sold Chanticleer Holdings Inc shares while 4 reduced holdings. only 5 funds opened positions while 2 raised stakes.

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