The stock of Essent Group Ltd (NYSE:ESNT) is a huge mover today! About 288,089 shares traded hands. Essent Group Ltd (NYSE:ESNT) has risen 36.08% since April 18, 2016 and is uptrending. It has outperformed by 31.65% the S&P500.
The move comes after 9 months positive chart setup for the $2.68 billion company. It was reported on Nov, 18 by Barchart.com. We have $36.54 PT which if reached, will make NYSE:ESNT worth $723.60M 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 “Market Perform” rating given by Keefe Bruyette & Woods on Friday, August 5. On Wednesday, September 7 the stock rating was maintained by Barclays Capital with “Overweight”. Bank of America downgraded the shares of ESNT in a report on Thursday, October 27 to “Underperform” rating. The company was downgraded on Wednesday, September 28 by Bank of America. On Friday, August 5 the stock rating was maintained by Barclays Capital with “Overweight”. Compass Point maintained Essent Group Ltd (NYSE:ESNT) on Friday, May 6 with “Neutral” rating. The rating was maintained by Credit Suisse on Monday, May 2 with “Neutral”. Compass Point maintained it with “Neutral” rating and $22 target price in Tuesday, February 16 report. On Friday, August 5 the stock rating was maintained by Compass Point with “Neutral”.
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 1.98 in Q2 2016. Its up 0.54, from 1.44 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.
Principal Fincl Grp holds 15,787 shares or 0% of its portfolio. Huntington National Bank, a Ohio-based fund reported 400 shares. Globeflex Cap L P has invested 0.33% of its portfolio in Essent Group Ltd (NYSE:ESNT). Sei Invs has 2,306 shares for 0% of their US portfolio. Bancorp Of America Corp De holds 0% or 368,986 shares in its portfolio. Convergence Inv Prtnrs Ltd Liability Corp reported 117,460 shares or 0.35% of all its holdings. Royal Bank Of Canada holds 0% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 500 shares. Lord Abbett And Limited Liability Company holds 0.18% or 2.68M shares in its portfolio. Moreover, Buckingham Asset Mngmt Ltd Limited Liability Company has 0.08% invested in Essent Group Ltd (NYSE:ESNT) for 11,388 shares. D E Shaw Incorporated has 0.06% invested in the company for 1.51 million shares. Thrivent Fincl For Lutherans accumulated 0.02% or 227,908 shares. Pnc Financial Ser holds 0% or 77,468 shares in its portfolio. Glenmede Tru Communications Na holds 23,420 shares or 0% of its portfolio. Goldman Sachs Group Incorporated, a New York-based fund reported 4.06 million shares. Putnam Invests Ltd accumulated 0% or 91,927 shares.
Insider Transactions: Since July 6, 2016, the stock had 1 insider buy, and 8 sales for $66.78 million net activity. Another trade for 6,020 shares valued at $163,563 was sold by MCALEE LAWRENCE E JR. $66.13M worth of Essent Group Ltd (NYSE:ESNT) was sold by PBRA (CAYMAN) Co. $208,725 worth of Essent Group Ltd (NYSE:ESNT) was sold by Gibbons Mary Lourdes on Monday, September 19. Cashmer Jeff also sold $627,600 worth of Essent Group Ltd (NYSE:ESNT) on Tuesday, August 16. Shares for $775,409 were bought by Turnbull Andrew on Wednesday, July 6.
More recent Essent Group Ltd (NYSE:ESNT) news were published by: Businesswire.com which released: “Essent Group Ltd. Schedules Third Quarter Earnings Conference Call on November …” on October 13, 2016. Also Businesswire.com published the news titled: “Essent Group Ltd. Reports Second Quarter 2016 Results” on August 04, 2016. Businesswire.com‘s news article titled: “Essent Group Ltd. Enters Into $200 Million Revolving Credit Facility” with publication date: April 21, 2016 was also an interesting one.
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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