Essent Group Ltd. (ESNT) : 2 brokerage houses believe that Essent Group Ltd. (ESNT) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Essent Group Ltd. (ESNT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Essent Group Ltd. (ESNT) : Average target price received by Essent Group Ltd. (ESNT) is $25 with an expected standard deviation of $5.29. The most aggressive target on the stock is $30, whereas the most downbeat target is $18. 4 financial analysts are currently covering the stock.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Essent Group Ltd. (NYSE:ESNT). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $27 per share to $30 per share. The rating by the firm was issued on September 7, 2016.
Essent Group Ltd. (NYSE:ESNT): After opening at $25.92, the stock dipped to an intraday low of $25.83 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.57 and the buying power remained strong till the end. The stock closed at $26.57 for the day, a gain of 2.79% for the day session. The total traded volume was 496,936. The stocks close on the previous trading day was $25.85.
Essent Group Ltd. (Essent) is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. The Company offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The mortgage insurance operations are conducted through Essent Holdings regulated and licensed wholly owned subsidiaries, Essent Guaranty, Inc. (Essent Guaranty) and Essent Guaranty of PA, Inc. (Essent PA). Essent Group also has a wholly owned Class 3A Insurer licensed pursuant to Section 4, Essent Reinsurance Ltd. (Essent Re), which offers mortgage-related insurance and reinsurance. The Company is licensed to write mortgage guaranty coverage in all 50 states and the District of Columbia. The Company operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.