Essent Group LTD Institutional Investor Sentiment Up in 2017 Q4

April 17, 2018 - By Vivian Park

Sentiment for Essent Group LTD (NYSE:ESNT)

Essent Group LTD (NYSE:ESNT) institutional sentiment decreased to 1.51 in Q4 2017. Its down -0.24, from 1.75 in 2017Q3. The ratio fall, as 134 investment professionals started new and increased holdings, while 89 cut down and sold stakes in Essent Group LTD. The investment professionals in our partner’s database reported: 83.75 million shares, up from 83.02 million shares in 2017Q3. Also, the number of investment professionals holding Essent Group LTD in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 19 Reduced: 70 Increased: 91 New Position: 43.

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 $3.64 billion. The firm also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It has a 9.29 P/E ratio. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.

The stock increased 1.98% or $0.72 during the last trading session, reaching $37.07. About 359,034 shares traded. Essent Group Ltd. (NYSE:ESNT) has risen 21.73% since April 17, 2017 and is uptrending. It has outperformed by 10.18% the S&P500.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on May, 4. They expect $1.11 earnings per share, up 54.17 % or $0.39 from last year’s $0.72 per share. ESNT’s profit will be $108.90 million for 8.35 P/E if the $1.11 EPS becomes a reality. After $0.79 actual earnings per share reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts 40.51 % EPS growth.

Pine Brook Road Advisors Lp holds 14.81% of its portfolio in Essent Group Ltd. for 540,059 shares. New Vernon Investment Management Llc owns 68,250 shares or 3.09% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.84% invested in the company for 528,550 shares. The Massachusetts-based Bain Capital Public Equity Management Llc has invested 1.34% in the stock. Riggs Asset Managment Co. Inc., a Pennsylvania-based fund reported 56,880 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $22.87 million activity.

Essent Group Ltd. (NYSE:ESNT) Ratings Coverage

Ratings analysis reveals 100% of Essent Group Ltd’s analysts are positive. Out of 9 Wall Street analysts rating Essent Group Ltd, 9 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $46 while the high is $62.0. The stock’s average target of $53.97 is 45.59% above today’s ($37.07) share price. ESNT was included in 22 notes of analysts from October 25, 2017. Deutsche Bank maintained the shares of ESNT in report on Tuesday, April 10 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Friday, November 10 report. The firm earned “Buy” rating on Wednesday, December 20 by BTIG Research. On Tuesday, March 13 the stock rating was maintained by Wells Fargo with “Buy”. The stock of Essent Group Ltd. (NYSE:ESNT) has “Buy” rating given on Friday, February 9 by Susquehanna. Susquehanna maintained it with “Buy” rating and $5300 target in Tuesday, April 10 report. BTIG Research maintained the shares of ESNT in report on Thursday, November 9 with “Buy” rating. The stock of Essent Group Ltd. (NYSE:ESNT) has “Buy” rating given on Sunday, February 11 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Friday, November 3 by Deutsche Bank. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods.

Essent Group Ltd. (NYSE:ESNT) Ratings Chart

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