Essent Group (ESNT) Received its Third Buy in a Row

By Jason Carr

After RBC Capital and Barclays gave Essent Group (NYSE: ESNT) a Buy rating last month, the company received another Buy, this time from BTIG. Analyst Mark Palmer maintained a Buy rating on Essent Group today and set a price target of $51.00. The company’s shares closed last Thursday at $36.09.

According to, Palmer is a top 100 analyst with an average return of 17.6% and a 69.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Genworth Financial, and Oportun Financial.

Currently, the analyst consensus on Essent Group is a Strong Buy with an average price target of $43.40.

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Essent Group’s market cap is currently $4.06B and has a P/E ratio of 6.10. The company has a Price to Book ratio of 1.30.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESNT in relation to earlier this year.

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Essent Group Ltd. is a holding company, which engages in the provision of banking services. It offers mortgage insurance, reinsurance, and risk management products. The company was founded by Mark A. Casale on July 1, 2008 and is headquartered in Hamilton, Bermuda.