Essent Group (NYSE:ESNT) Stock, Quote.Headers.trade-ideas

Essent Group

Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

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Essent Group Ltd

Keefe, Bruyette &amp; Woods analyst Bose George maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and lowers the price target from $75 to $72.

Price Target

Keefe, Bruyette & Woods Maintains Outperform on Essent Group, Lowers Price Target to $72

Barclays analyst Terence Malone downgrades Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) from Overweight to Equal-Weight and lowers the price target from $69 to $58.

Downgrades

Barclays Downgrades Essent Group to Equal-Weight, Lowers Price Target to $58

Keefe, Bruyette &amp; Woods analyst Bose George maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and raises the price target from $73 to $75.

Keefe, Bruyette & Woods Maintains Outperform on Essent Group, Raises Price Target to $75

JP Morgan analyst Richard Shane maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and lowers the price target from $67 to $60.

JP Morgan Maintains Neutral on Essent Group, Lowers Price Target to $60

<h3>Gainers</h3>
<ul>
<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 22.5% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) shares increased by 14.32% to $8.3. The market value of their outstanding shares is at $393.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) stock rose 9.99% to $1.98. The company's market cap stands at $7.8 million. </li>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares rose 9.74% to $1.69. The company's market cap stands at $190.3 million. </li>
<li>Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) shares rose 6.79% to $33.0. The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 6.58% to $17.0. The market value of their outstanding shares is at $209.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) stock decreased by 16.7% to $4.4 during Friday's pre-market session. The company's market cap stands at $1.9 billion. </li>
<li>Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) stock fell 15.67% to $26.82. The company's market cap stands at $1.7 billion. </li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) stock decreased by 9.37% to $13.55. The company's market cap stands at $7.2 billion. </li>
<li>Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) stock fell 8.42% to $1.85. The market value of their outstanding shares is at $19.6 billion. </li>
<li>StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares fell 8.36% to $9.54. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) stock declined by 8.2% to $53.01. The company's market cap stands at $5.6 billion. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Goldman Sachs analyst Ryan Nash maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and lowers the price target from $68 to $60.

Goldman Sachs Maintains Neutral on Essent Group, Lowers Price Target to $60

RBC Capital analyst Scott Heleniak maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and lowers the price target from $73 to $67.

RBC Capital Maintains Outperform on Essent Group, Lowers Price Target to $67

JP Morgan analyst Richard Shane maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and lowers the price target from $68 to $67.

JP Morgan Maintains Neutral on Essent Group, Lowers Price Target to $67

The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Western Union Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>)</h3>
<ul>
<li>On Oct. 23, Western Unio posted better-than-expected quarterly earnings. &#8220;We are pleased with third quarter results, which demonstrate continued progress of our Evolve 2025 strategy,&#8221; said Devin McGranahan, President and Chief Executive Officer. &#8220;We&#8217;ve maintained mid-single digit transaction growth in our Consumer Money Transfer business for five quarters in a row and are now seeing the effect on revenue, with positive adjusted consolidated revenue growth for two consecutive quarters, excluding Iraq.&#8221; The company's stock fell around 8% over the past month and has a <a href="https://www.benzinga.com/quote/WU">52-week low of $10.69</a>.</li>
<li>RSI Value: 27.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>WU Price Action: Shares of Western Union fell 0.2% to close at $10.74 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed a<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">lerted to latest WU news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6.png" alt="" class="wp-image-627101" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005118/image-6-768x706.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">AGNC Investment Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Oct. 31, AGNC Investment posted third-quarter comprehensive income per common share of 63 cents. &#8220;AGNC generated a very strong economic return of 9.3% in the third quarter, driven by significant book value growth and our compelling monthly dividend, which has remained stable at $0.12 per common share for 55 consecutive months&#8221; said Peter Federico, the Company&#8217;s President and Chief Executive Officer. &#8221; The company's stock fell around 7% over the past five days and<a href="https://www.benzinga.com/quote/AGNC"> has a 52-week low</a> of $7.85.</li>
<li>RSI Value: 25.31</li>
<li>AGNC Price Action: Shares of AGNC Investment closed at $9.31 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">trend in AGNC stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7.png" alt="" class="wp-image-627104" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005308/image-7-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
<h3 class="wp-block-heading">Essent Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>)</h3>
<ul>
<li>On Nov. 1, Essent Group reported worse-than-expected third-quarter EPS and revenues. &#8220;We are pleased with our third quarter financial results, as we continue to generate high quality earnings,&#8221; said Mark A. Casale, Chairman and Chief Executive Officer. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ESNT">low of $47.37</a>.</li>
<li>RSI Value: 18.57</li>
<li>ESNT Price Action: Shares of Essent Group fell 10.4% to close at $53.77 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">breakout in ESNT shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="410" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8.png" alt="" class="wp-image-627105" style="width:677px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8-300x137.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005416/image-8-768x349.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
<h3 class="wp-block-heading">UWM Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>)</h3>
<ul>
<li>UWM Holdings will announce its third quarter results on Thursday, Nov. 7. The company's shares lost around 20% over the past month. The company's 52-week low is $5.01.</li>
<li>RSI Value: 20.90</li>
<li>UWMC Price Action: Shares of UWM Holdings fell 2.3% to close at $6.29 on Friday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">UWMC earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9.png" alt="" class="wp-image-627106" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04005456/image-9-768x446.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
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Barclays analyst Terence Malone maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Overweight and lowers the price target from $72 to $69.

Barclays Maintains Overweight on Essent Group, Lowers Price Target to $69

WIIM

Essent Group shares are trading lower after the company reported worse-than-expected Q3 EPS and revenues.

Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) reported quarterly earnings of $1.65 per share which missed the analyst consensus estimate of $1.73 by 4.62 percent. This is a 0.6 percent decrease over earnings of $1.66 per share from the same period last year. The company reported quarterly sales of $316.58 million which missed the analyst consensus estimate of $317.47 million by 0.28 percent. This is a 6.91 percent increase over sales of $296.11 million the same period last year.

Earnings

Earnings Misses

Essent Group Q3 EPS $1.65 Misses $1.73 Estimate, Sales $316.58M Miss $317.47M Estimate

Barclays analyst Terence Malone maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Overweight and raises the price target from $64 to $72.

Barclays Maintains Overweight on Essent Group, Raises Price Target to $72

JP Morgan analyst Richard Shane maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and raises the price target from $63 to $68.

JP Morgan Maintains Neutral on Essent Group, Raises Price Target to $68

Essent Group Announced That Its Subsidiary Has Obtained $363.4M Of Fully Collateralized Excess Of Loss Reinsurance Coverage On Mortgage Insurance Policies Written In July 2023 Through July 2024 From Radnor Re 2024-1

BTIG analyst Mark Palmer maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Buy and raises the price target from $61 to $64.

BTIG Maintains Buy on Essent Group, Raises Price Target to $64

RBC Capital analyst Scott Heleniak maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and raises the price target from $61 to $67.

RBC Capital Maintains Outperform on Essent Group, Raises Price Target to $67

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5dfa5c7f3513fb0001efbfda/ken-herbert">RBC Capital analyst Ken Herbert</a> upgraded the rating for Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) from Sector Perform to Outperform, while raising the price target from $500 to $600. Lockheed Martin shares gained 2.4% to trade at $562.00 on Monday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df22a3dbffdfc0001d6fa45/christopher-allen">Citigroup analyst Christopher Allen </a>upgraded Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) from Sell to Neutral and announced a price target of $18. Robinhood shares fell 21% to trade at $14.13 on Monday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/bose-george">Keefe, Bruyette &amp; Woods analyst Bose George </a>upgraded Essent Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) from Market Perform to Outperform and raised the price target from $65 to $70. Essent Group shares fell 2.1% to trade at $58.72 on Monday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/nikolay-beliov">B of A Securities analyst Nikolay Beliov </a>upgraded the rating for Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) from Underperform to Buy and maintained the price target of $63. Five9 shares fell 1.6% to trade at $40.13 on Monday. <a href="https://www.benzinga.com/quote/FIVN/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5841bdbcaae83900016b3c7a/jeffrey-zekauskas">JP Morgan analyst Jeffrey Zekauskas </a>upgraded Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from Underweight to Neutral, but lowered the price target from $156 to $130. Celanese shares fell 4.4% to trade at $131.55 on Monday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock.</a></li>
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JP Morgan analyst Richard Shane maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Neutral and raises the price target from $62 to $63.

JP Morgan Maintains Neutral on Essent Group, Raises Price Target to $63

In the preceding three months, 4 analysts have released ratings for Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $63.5, a high estimate of $70.00, and a low estimate of $58.00. This current average reflects an increase of 3.25% from the previous average price target of $61.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1722862869_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Essent Group among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Terence Malone</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Essent Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Essent Group compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Essent Group's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Essent Group's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ESNT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Essent Group analyst ratings.</a>
<h2>Get to Know Essent Group Better</h2>
Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.
<h3>Essent Group: Financial Performance Dissected</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Essent Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.96% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Essent Group's net margin is impressive, surpassing industry averages. With a net margin of 60.52%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Essent Group's ROE excels beyond industry benchmarks, reaching 3.52%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Essent Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.8% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Essent Group's debt-to-equity ratio is below the industry average at 0.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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