KBW Releases a Hold Rating on Essent Group

By Jason Carr

In a report released yesterday, Melissa Roberts from KBW reiterated a Hold rating on Essent Group (NYSE: ESNT), with a price target of $38. The company’s shares closed yesterday at $36.30, close to its 52-week high of $38.10.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 8.1% and a 41.2% success rate. Roberts covers the Financial sector, focusing on stocks such as Fidelity National Financial Ventures, Central Valley Community Bancorp, and Western New England Bancorp Inc.

Essent Group has an analyst consensus of Moderate Buy.

Essent Group’s market cap is currently $3.38B and has a P/E ratio of 15. The company has a book value ratio of 2.5151.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2016, Pbra Co, a Major Shareholder at ESNT sold 101,550 shares for a total of $3,273,026.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Essent Group Ltd. is a holding company, which engages in the provision of mortgage insurance, reinsurance and risk management products to mortgage lenders and investors to support homeownership. It provides private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners. The company was founded by Mark A. Casale on July 1, 2008 and is headquartered in Hamilton, Bermuda.