The stock of Essent Group Ltd (NYSE:ESNT) is a huge mover today! About 588,706 shares traded hands or 33.14% up from the average. Essent Group Ltd (NYSE:ESNT) has risen 28.34% since April 4, 2016 and is uptrending. It has outperformed by 27.25% the S&P500.
The move comes after 9 months positive chart setup for the $2.50B company. It was reported on Nov, 4 by Barchart.com. We have $34.14 PT which if reached, will make NYSE:ESNT worth $625.00M more.
Essent Group Ltd (NYSE:ESNT) Ratings Coverage
Out of 6 analysts covering Essent Group (NYSE:ESNT), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Essent Group has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Thursday, October 27. Compass Point maintained Essent Group Ltd (NYSE:ESNT) on Friday, August 5 with “Neutral” rating. The firm has “Neutral” rating by Compass Point given on Tuesday, February 16. The firm earned “Overweight” rating on Friday, August 5 by Barclays Capital. On Friday, May 6 the stock rating was maintained by Compass Point with “Neutral”. The firm has “Neutral” rating by Bank of America given on Wednesday, September 28. Keefe Bruyette & Woods downgraded Essent Group Ltd (NYSE:ESNT) rating on Friday, August 5. Keefe Bruyette & Woods has “Market Perform” rating and $26.50 price target. The stock of Essent Group Ltd (NYSE:ESNT) earned “Overweight” rating by Barclays Capital on Wednesday, September 7. The firm has “Neutral” rating by Credit Suisse given on Monday, May 2.
According to Zacks Investment Research, “Essent Group Ltd., through its subsidiaries, operates as a private mortgage insurance company. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. is based in Hamilton, Bermuda.”
Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.35, from 1.09 in 2016Q1. The ratio is positive, as 16 funds sold all Essent Group Ltd shares owned while 38 reduced positions. 24 funds bought stakes while 54 increased positions. They now own 70.39 million shares or 0.71% more from 69.90 million shares in 2016Q1.
The Georgia-based Voya Mngmt Ltd Liability has invested 0% in Essent Group Ltd (NYSE:ESNT). Teacher Retirement Of Texas reported 9,152 shares or 0% of all its holdings. Wells Fargo And Mn has 0.03% invested in the company for 3.21 million shares. First Mercantile has invested 0.11% of its portfolio in Essent Group Ltd (NYSE:ESNT). State Street holds 0% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 1.27 million shares. Credit Suisse Ag owns 75,404 shares or 0% of their US portfolio. The California-based Blackrock Fund Advisors has invested 0.01% in Essent Group Ltd (NYSE:ESNT). The Illinois-based First Tru Advisors Lp has invested 0% in Essent Group Ltd (NYSE:ESNT). Walthausen holds 0.6% or 264,090 shares in its portfolio. The Switzerland-based Swiss Comml Bank has invested 0% in Essent Group Ltd (NYSE:ESNT). Thrivent Fin For Lutherans owns 227,908 shares or 0.02% of their US portfolio. Putnam Investments Limited Co last reported 0% of its portfolio in the stock. Alliancebernstein Lp reported 3.96 million shares or 0.07% of all its holdings. Vanguard Grp Inc Inc has 5.19 million shares for 0.01% of their US portfolio. Moreover, Blackrock Gp has 0% invested in Essent Group Ltd (NYSE:ESNT) for 188,197 shares.
Insider Transactions: Since May 16, 2016, the stock had 1 insider buy, and 6 sales for $848,579 net activity. On Wednesday, October 19 MCALEE LAWRENCE E JR sold $85,500 worth of the stock or 3,000 shares. Cashmer Jeff also sold $483,600 worth of Essent Group Ltd (NYSE:ESNT) shares. Another trade for 7,500 shares valued at $208,725 was made by Gibbons Mary Lourdes on Monday, September 19. 36,353 shares were bought by Turnbull Andrew, worth $775,409.
More important recent Essent Group Ltd (NYSE:ESNT) news were published by: Businesswire.com which released: “Essent Group Ltd. Reports Third Quarter 2016 Results” on November 04, 2016, also Businesswire.com published article titled: “Essent Group Ltd. Schedules Third Quarter Earnings Conference Call on November …”, Businesswire.com published: “Essent Group Ltd. Reports Second Quarter 2016 Results” on August 04, 2016. More interesting news about Essent Group Ltd (NYSE:ESNT) was released by: Businesswire.com and their article: “Essent Group Ltd. Enters Into $200 Million Revolving Credit Facility” with publication date: April 21, 2016.
ESNT Company Profile
Essent Group Ltd. (Essent), incorporated on July 1, 2008, is a private mortgage insurance company. The Firm is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance activities are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the firm domiciled in the state of Pennsylvania. Essent Guaranty maintains activities centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia.
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