Q4 EPS Estimates for Essent Group Reduced by Roth Capital

Essent Group Ltd. (NYSE:ESNT) – Research analysts at Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for Essent Group in a note issued to investors on Monday, November 4th. Roth Capital analyst H. Fong now expects that the financial services provider will earn $1.68 per share for the quarter, down from their prior estimate of $1.72. The consensus estimate for Essent Group’s current full-year earnings is $7.02 per share. Roth Capital also issued estimates for Essent Group’s Q1 2025 earnings at $1.68 EPS, Q2 2025 earnings at $1.72 EPS, Q3 2025 earnings at $1.75 EPS and FY2025 earnings at $6.90 EPS.

Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, November 1st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.05). Essent Group had a return on equity of 14.40% and a net margin of 61.31%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $316.80 million. During the same quarter in the prior year, the company earned $1.66 earnings per share. The business’s revenue was up 969.2% compared to the same quarter last year.

A number of other analysts have also weighed in on ESNT. BTIG Research raised their target price on Essent Group from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their price target on Essent Group from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday. Keefe, Bruyette & Woods upgraded Essent Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $70.00 in a report on Monday, August 5th. Barclays reduced their target price on Essent Group from $72.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank of Canada cut their price objective on Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.83.

Essent Group Stock Performance

Shares of NYSE:ESNT opened at $54.11 on Tuesday. Essent Group has a twelve month low of $47.56 and a twelve month high of $65.33. The firm has a market cap of $5.75 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The business has a fifty day moving average of $62.76 and a 200-day moving average of $59.36.

Essent Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, December 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, December 2nd. Essent Group’s dividend payout ratio is presently 16.21%.

Insider Activity at Essent Group

In related news, CFO David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $63.59, for a total value of $127,180.00. Following the sale, the chief financial officer now owns 25,416 shares of the company’s stock, valued at approximately $1,616,203.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Diversified Trust Co acquired a new position in shares of Essent Group during the 2nd quarter worth approximately $725,000. Price T Rowe Associates Inc. MD increased its position in shares of Essent Group by 38.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 177,127 shares of the financial services provider’s stock worth $10,542,000 after purchasing an additional 49,393 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Essent Group during the 1st quarter worth approximately $780,000. Empowered Funds LLC acquired a new position in shares of Essent Group during the 1st quarter worth approximately $977,000. Finally, Vanguard Group Inc. increased its position in shares of Essent Group by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 11,917,819 shares of the financial services provider’s stock worth $709,229,000 after purchasing an additional 440,385 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

Essent Group Company Profile

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, as well as risk management products and title insurance and settlement services.