Media coverage about Essent Group (NYSE:ESNT) has trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Essent Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.6137891303878 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- News Review: KEMET Corp. (NYSE:KEM), Essent Group Ltd. (NYSE:ESNT) – The Oracle Examiner (oracleexaminer.com)
- Guide to Day Traders – Essent Group Ltd (NYSE: ESNT) – Alpha Beta Stock (alphabetastock.com)
- PacWest Bancorp (PACW) Analysts See $0.81 EPS; Essent Group LTD (ESNT) Has 1.51 Sentiment – MTA Star (mtastar.com)
- Essent Group Ltd. (ESNT) Stock Swings on Active volume Analysis – Investing News Update (investingbizz.com)
- Essent Group Ltd. (NYSE:ESNT) – May This Data Fuel Up Investor’s Confidence – Nasdaq Journal (nasdaqjournal.com)
A number of research firms have recently weighed in on ESNT. Macquarie began coverage on shares of Essent Group in a research report on Wednesday, March 14th. They set an “outperform” rating and a $62.00 target price for the company. Wells Fargo reissued a “buy” rating on shares of Essent Group in a research report on Tuesday, March 13th. Susquehanna Bancshares set a $62.00 target price on shares of Essent Group and gave the company a “buy” rating in a research report on Friday, February 9th. Deutsche Bank raised shares of Essent Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $61.00 in a report on Monday, January 8th. Finally, Compass Point raised their price objective on shares of Essent Group from $57.50 to $60.75 and gave the stock a “buy” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $53.31.
Essent Group (NYSE:ESNT) last posted its earnings results on Friday, February 9th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Essent Group had a net margin of 65.87% and a return on equity of 17.77%. The business had revenue of $161.77 million for the quarter, compared to analysts’ expectations of $155.22 million. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. equities research analysts predict that Essent Group will post 4.42 EPS for the current year.
In other Essent Group news, CEO Mark Casale sold 370,673 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.50, for a total value of $16,494,948.50. Following the sale, the chief executive officer now directly owns 1,845,356 shares in the company, valued at approximately $82,118,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.10% of the company’s stock.
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About Essent Group
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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