Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.
IPO Year: 2013
Exchange: NYSE
Website: essentgroup.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/5/2024 | $65.00 → $70.00 | Mkt Perform → Outperform | Keefe Bruyette |
4/3/2024 | $58.00 → $61.00 | Overweight → Neutral | JP Morgan |
12/6/2023 | $54.00 | Neutral | UBS |
11/15/2023 | $60.00 | Overweight | Barclays |
6/13/2023 | $50.00 | Outperform → Mkt Perform | Keefe Bruyette |
1/6/2023 | $54.00 → $43.00 | Overweight → Equal Weight | Barclays |
1/5/2023 | $44.00 | Buy → Neutral | Goldman |
4/11/2022 | $47.00 | Neutral → Overweight | JP Morgan |
1/10/2022 | $65.00 → $72.00 | Overweight | Barclays |
12/13/2021 | $51.00 | Mkt Perform → Outperform | Keefe Bruyette |
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G/A - Essent Group Ltd. (0001448893) (Subject)
SC 13G - Essent Group Ltd. (0001448893) (Subject)
144 - Essent Group Ltd. (0001448893) (Subject)
144 - Essent Group Ltd. (0001448893) (Subject)
8-K - Essent Group Ltd. (0001448893) (Filer)
8-K - Essent Group Ltd. (0001448893) (Filer)
424B5 - Essent Group Ltd. (0001448893) (Filer)
FWP - Essent Group Ltd. (0001448893) (Subject)
424B5 - Essent Group Ltd. (0001448893) (Filer)
305B2 - Essent Group Ltd. (0001448893) (Filer)
8-K - Essent Group Ltd. (0001448893) (Filer)
144 - Essent Group Ltd. (0001448893) (Subject)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
4 - Essent Group Ltd. (0001448893) (Issuer)
Essent Appoints Chief Financial Officer Essent Group Ltd. (NYSE:ESNT), a leading provider of mortgage insurance and reinsurance, announced today the promotion of David B. Weinstock to the role of Senior Vice President, Chief Financial Officer of Essent Group Ltd. Weinstock has served as interim Chief Financial Officer since June 28, 2022, and as Vice President and Chief Accounting Officer since 2009. "Dave brings a deep understanding of our business and the mortgage insurance industry," said Mark Casale, Chairman and Chief Executive Officer. "I look forward to his leadership as Chief Financial Officer and continued support of our business and long-term growth of the Essent franchise." We
Essent Appoints New President of MI Operating Company Essent Group Ltd. (NYSE:ESNT) announced today the promotion of Christopher G. Curran to the role of President of Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. As President, Curran will have responsibility for the overall operations of the MI company including, business development, IT, operations, public policy and risk and report directly to Mark A. Casale who will continue to serve as Chairman of the Board of Directors and Chief Executive Officer of Essent Group Ltd. and its subsidiaries. "Chris's deep knowledge of our industry and business along with his broad operations
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended June 30, 2024 of $203.6 million or $1.91 per diluted share, compared to $172.2 million or $1.61 per diluted share for the quarter ended June 30, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on September 10, 2024, to shareholders of record on August 30, 2024. "We are pleased with our financial results in the second quarter, as our high-quality portfolio and resilience in the housing and labor markets translated to favorable credit performance, and the current rate environment continues to benefit investmen
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the Company's second quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one ye
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on June 10, 2024, to shareholders of record on May 31, 2024. "We are pleased with our financial results in the first quarter, as our high-quality portfolio and consumer resilience have translated to favorable credit performance, and the current rate environment has benefited investment income and persistency," said M
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, May 3, 2024, at 10:00 a.m. Eastern Time to discuss the Company's first quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended December 31, 2023 of $175.4 million or $1.64 per diluted share, compared to $147.4 million or $1.37 per diluted share for the quarter ended December 31, 2022. For the full year 2023, net income was $696.4 million or $6.50 per diluted share, compared to $831.4 million or $7.72 per diluted share for 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on March 22, 2024, to shareholders of record on March 13, 2024. "We are pleased with our fourth quarter and full year 2023 financial results, which benefited from fav
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, February 9, 2024, at 10:00 a.m. Eastern Time to discuss the Company's fourth quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended September 30, 2023 of $178.0 million or $1.66 per diluted share, compared to $178.1 million or $1.66 per diluted share for the quarter ended September 30, 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on December 11, 2023, to shareholders of record on December 1, 2023. "We are pleased with our third quarter 2023 financial results, as we continue to generate high quality earnings and robust returns," said Mark A. Casale, Chairman and Chief Executive Officer. "The credit quality of our portfolio remains stro
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time to discuss the Company's third quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended June 30, 2023 of $172.2 million or $1.61 per diluted share, compared to $231.8 million or $2.16 per diluted share for the quarter ended June 30, 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on September 11, 2023, to shareholders of record on September 1, 2023. "We are pleased with our second quarter 2023 financial results, which reflect the high quality of our portfolio and the resilience in housing and employment," said Mark A. Casale, Chairman and Chief Executive Officer. "Our strong operational perform
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, August 4, 2023, at 10:00 a.m. Eastern Time to discuss the Company's second quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one ye
Barclays analyst Terence Malone maintains Essent Group (NYSE:ESNT) with a Overweight and raises the price target from $63 to $64.
JP Morgan analyst Richard Shane maintains Essent Group (NYSE:ESNT) with a Neutral and raises the price target from $61 to $62.
Throughout the last three months, 4 analysts have evaluated Essent Group (NYSE:ESNT), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Essent Group, revealing an average target of $61.0, a high estimate of $64.00, and a low estimate of $58.00. This current average has increased by 1.24% from the pr
UBS analyst Douglas Harter maintains Essent Group (NYSE:ESNT) with a Neutral and raises the price target from $57 to $58.
RBC Capital analyst Scott Heleniak maintains Essent Group (NYSE:ESNT) with a Outperform and lowers the price target from $64 to $61.
Essent Group (NYSE:ESNT) reported quarterly earnings of $1.70 per share which beat the analyst consensus estimate of $1.60 by 6.25 percent. This is a 6.92 percent increase over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $298.357 million which missed the analyst consensus estimate of $298.624 million by 0.09 percent. This is a 16.43 percent increase over sales of $256.246 million the same period last year.
Keefe, Bruyette & Woods analyst Bose George maintains Essent Group (NYSE:ESNT) with a Market Perform and raises the price target from $62 to $64.
JP Morgan analyst Richard Shane downgrades Essent Group (NYSE:ESNT) from Overweight to Neutral and raises the price target from $58 to $61.
Keefe Bruyette upgraded Essent Group from Mkt Perform to Outperform and set a new price target of $70.00 from $65.00 previously
JP Morgan downgraded Essent Group from Overweight to Neutral and set a new price target of $61.00 from $58.00 previously
UBS initiated coverage of Essent Group with a rating of Neutral and set a new price target of $54.00
Barclays initiated coverage of Essent Group with a rating of Overweight and set a new price target of $60.00
Keefe Bruyette downgraded Essent Group from Outperform to Mkt Perform and set a new price target of $50.00
Barclays downgraded Essent Group from Overweight to Equal Weight and set a new price target of $43.00 from $54.00 previously
Goldman downgraded Essent Group from Buy to Neutral and set a new price target of $44.00
JP Morgan upgraded Essent Group from Neutral to Overweight and set a new price target of $47.00
Barclays reiterated coverage of Essent Gr with a rating of Overweight and set a new price target of $72.00 from $65.00 previously
Keefe Bruyette upgraded Essent Group from Mkt Perform to Outperform and set a new price target of $51.00
Essent Group Ltd. (NYSE:ESNT) announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2024-1 Ltd. has funded its reinsurance obligations through the issuance of five classes of mortgage insurance-linked notes, with 10-year legal maturities, to eligible third-party capital markets investors in an unregistered private offering. The mortgage insurance-linked notes
Essent Group Ltd. (NYSE:ESNT) reported today that Fannie Mae and Freddie Mac (the "GSEs"), under the oversight of the Federal Housing Finance Authority ("FHFA"), issued updates to the Private Mortgage Insurer Eligibility Requirements ("PMIERs") calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan. The updated PMIERs Available Asset requirements are subject to a phased-in implementation, will have no impact on Essent's Available Assets or sufficiency ratio until March 31, 2025 and will become fully effective on September 30, 2026. The sunset of the 0.3x Required Asset multiplier for loans in a COVID forbea
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended June 30, 2024 of $203.6 million or $1.91 per diluted share, compared to $172.2 million or $1.61 per diluted share for the quarter ended June 30, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on September 10, 2024, to shareholders of record on August 30, 2024. "We are pleased with our financial results in the second quarter, as our high-quality portfolio and resilience in the housing and labor markets translated to favorable credit performance, and the current rate environment continues to benefit investmen
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the Company's second quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one ye
Essent Group Ltd. (NYSE:ESNT) (the "Company") announced today that it has closed upon two transactions that collectively represent access to approximately $1 billion in capital for the Company. The Company announced that its previously disclosed public offering (the "Offering") of $500 million aggregate principal amount of senior unsecured notes (the "Notes") closed on July 1, 2024, resulting in approximately $495.3 million of net proceeds from the Offering. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029. Approximately $425 million of the net proceeds from the Offering were used to repay all of the borrowings outstanding under the ter
Essent Group Ltd. (NYSE:ESNT) (the "Company") today announced that it has priced its public offering (the "Offering") of $500 million aggregate principal amount of senior unsecured notes (the "Notes"). The Offering is expected to close on July 1, 2024, subject to customary closing conditions. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029. The Company intends to use approximately $425 million of the net proceeds of the Offering to repay all of the term borrowings outstanding under the term loan portion of its existing credit facility, and the remainder for general corporate purposes. J.P. Morgan, BofA Securities, Goldman Sachs & Co.
Expanded partnership with PMI Rate Pro for seamless ordering Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE:ESNT) announced today an enhanced integration with PMI Rate Pro, an innovator in MI pricing platforms, to now include ordering MI. This represents an improvement in efficiency and accessibility for our mutual customers and prospective homeowners. "Essent is pleased to evolve our partnership with PMI Rate Pro in providing customers an improved, intuitive interface which supports EssentEDGE, our proprietary next generation risk assessment and MI pricing engine," said Kendra Placek, SVP of Operations at Essent. "We co
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on June 10, 2024, to shareholders of record on May 31, 2024. "We are pleased with our financial results in the first quarter, as our high-quality portfolio and consumer resilience have translated to favorable credit performance, and the current rate environment has benefited investment income and persistency," said M
Essent Group Ltd. (NYSE:ESNT) today announced that it will hold a conference call on Friday, May 3, 2024, at 10:00 a.m. Eastern Time to discuss the Company's first quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.
Essent Group Ltd. (NYSE:ESNT) today reported net income for the quarter ended December 31, 2023 of $175.4 million or $1.64 per diluted share, compared to $147.4 million or $1.37 per diluted share for the quarter ended December 31, 2022. For the full year 2023, net income was $696.4 million or $6.50 per diluted share, compared to $831.4 million or $7.72 per diluted share for 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on March 22, 2024, to shareholders of record on March 13, 2024. "We are pleased with our fourth quarter and full year 2023 financial results, which benefited from fav