Essent Group Ltd. (ESNT) Sets 52-Week High; Strong Momentum for Holders

January 20, 2018 - By Vivian Currie

Investors sentiment increased to 1.75 in 2017 Q3. Its up 0.39, from 1.36 in 2017Q2. It is positive, as 19 investors sold Essent Group Ltd. shares while 58 reduced holdings. 44 funds opened positions while 91 raised stakes. 83.02 million shares or 4.73% more from 79.27 million shares in 2017Q2 were reported.
Dupont Corp stated it has 0.18% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Alps Advsr Inc invested in 0% or 12,061 shares. Intll Grp Inc holds 53,890 shares or 0.01% of its portfolio. Barclays Public Ltd Llc owns 779,728 shares or 0.03% of their US portfolio. Pacad Inv stated it has 0.09% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Quantitative Systematic Strategies Limited Liability owns 14,389 shares or 0.15% of their US portfolio. Geode Capital Limited invested in 868,732 shares. Groesbeck Inv Management Nj holds 0.24% or 8,200 shares in its portfolio. Blackrock Inc reported 6.34 million shares or 0.01% of all its holdings. Gsa Prns Llp stated it has 0.08% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Buckingham Asset Management Lc holds 0.15% of its portfolio in Essent Group Ltd. (NYSE:ESNT) for 15,884 shares. Sterling Cap Management Limited Liability holds 0.01% of its portfolio in Essent Group Ltd. (NYSE:ESNT) for 27,191 shares. Chicago Equity Ltd Liability Co has 0.02% invested in Essent Group Ltd. (NYSE:ESNT). Basswood Capital Management Limited invested in 69,369 shares. Breton Hill Ltd owns 0.18% invested in Essent Group Ltd. (NYSE:ESNT) for 23,648 shares.

Since August 4, 2017, it had 0 insider buys, and 9 sales for $1.53 million activity. Gibbons Mary Lourdes sold $203,305 worth of stock or 4,836 shares. 3,118 Essent Group Ltd. (NYSE:ESNT) shares with value of $124,720 were sold by MCALEE LAWRENCE E JR.

The stock of Essent Group Ltd. (NYSE:ESNT) hit a new 52-week high and has $50.96 target or 4.00 % above today’s $49.00 share price. The 5 months bullish chart indicates low risk for the $4.82B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $50.96 price target is reached, the company will be worth $192.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.32% or $0.64 during the last trading session, reaching $49. About 456,509 shares traded. Essent Group Ltd. (NYSE:ESNT) has risen 81.69% since January 20, 2017 and is uptrending. It has outperformed by 64.99% the S&P500.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on February, 9. They expect $0.78 earnings per share, up 14.71 % or $0.10 from last year’s $0.68 per share. ESNT’s profit will be $76.77M for 15.71 P/E if the $0.78 EPS becomes a reality. After $0.82 actual earnings per share reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

Essent Group Ltd. (NYSE:ESNT) Ratings Coverage

Among 12 analysts covering Essent Group (NYSE:ESNT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Essent Group had 40 analyst reports since August 12, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Essent Group Ltd. (NYSE:ESNT) on Monday, August 7 with “Hold” rating. The firm earned “Hold” rating on Monday, May 1 by Wood. The stock of Essent Group Ltd. (NYSE:ESNT) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The rating was downgraded by Bank of America to “Neutral” on Wednesday, September 28. The rating was downgraded by Bank of America on Thursday, October 27 to “Underperform”. Deutsche Bank maintained Essent Group Ltd. (NYSE:ESNT) on Wednesday, October 25 with “Buy” rating. The company was maintained on Friday, August 5 by Barclays Capital. The company was maintained on Tuesday, February 16 by Compass Point. The firm earned “Buy” rating on Wednesday, December 20 by BTIG Research. JP Morgan downgraded the stock to “Neutral” rating in Friday, April 21 report.

More news for Essent Group Ltd. (NYSE:ESNT) were recently published by: Businesswire.com, which released: “Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call on …” on January 18, 2018. Businesswire.com‘s article titled: “Essent Group Ltd. Announces Resignation of Adolfo Marzol from Board of Directors” and published on May 09, 2017 is yet another important article.

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company has market cap of $4.82 billion. The firm also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It has a 16.44 P/E ratio. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.

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