News articles about Essent Group (NYSE:ESNT) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essent Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.0568011496131 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Active Stock on Watch: Essent Group Ltd (ESNT) – Evergreen Caller (evergreencaller.com)
- Essent Group Ltd. (NYSE:ESNT) Trading Volume Significantly Higher – Modern Readers (modernreaders.com)
- Essent Group Ltd. breached its 50 day moving average in a Bearish Manner : ESNT-US : August 11, 2017 (finance.yahoo.com)
- IHS Markit Score downgrades Essent Group Ltd to 62 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Essent Group Ltd. :ESNT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
Essent Group (NYSE ESNT) opened at 38.20 on Friday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 13.59 and a beta of 1.14. Essent Group has a 12 month low of $25.68 and a 12 month high of $41.44. The stock’s 50 day moving average price is $38.27 and its 200-day moving average price is $36.66.
Essent Group (NYSE:ESNT) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. Essent Group had a net margin of 50.92% and a return on equity of 18.77%. The firm had revenue of $137.61 million during the quarter, compared to the consensus estimate of $131.99 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. Equities analysts expect that Essent Group will post $3.08 EPS for the current year.
ESNT has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 price target on shares of Essent Group in a report on Friday, April 28th. Bank of America Corporation raised Essent Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $38.00 to $43.00 in a report on Tuesday, May 9th. Zacks Investment Research cut Essent Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised Essent Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, BidaskClub cut Essent Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.50.
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In related news, CFO Lawrence E. Mcalee, Jr. sold 2,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $38.01, for a total transaction of $76,020.00. Following the completion of the transaction, the chief financial officer now owns 279,285 shares of the company’s stock, valued at approximately $10,615,622.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lawrence E. Mcalee, Jr. sold 7,000 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $36.99, for a total transaction of $258,930.00. Following the transaction, the chief financial officer now directly owns 279,285 shares of the company’s stock, valued at approximately $10,330,752.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,918 shares of company stock valued at $1,166,960. 18.10% of the stock is owned by corporate insiders.
Essent Group Company Profile
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.
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