Bryce Point Capital LLC Invests $536,000 in Essent Group Ltd. $ESNT

Bryce Point Capital LLC acquired a new stake in Essent Group Ltd. (NYSE:ESNT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,430 shares of the financial services provider’s stock, valued at approximately $536,000.

Other hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new stake in Essent Group in the 2nd quarter worth approximately $346,000. Inspire Investing LLC boosted its holdings in shares of Essent Group by 7.9% during the second quarter. Inspire Investing LLC now owns 6,427 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 472 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Essent Group by 3.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,748 shares of the financial services provider’s stock valued at $1,442,000 after purchasing an additional 814 shares during the period. CWM LLC increased its stake in Essent Group by 163.7% in the second quarter. CWM LLC now owns 20,075 shares of the financial services provider’s stock valued at $1,219,000 after purchasing an additional 12,462 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Essent Group by 83.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 405,199 shares of the financial services provider’s stock valued at $24,895,000 after purchasing an additional 184,478 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ESNT shares. Barclays decreased their price target on Essent Group from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of Essent Group in a research report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Essent Group from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods increased their price target on shares of Essent Group from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Essent Group in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.29.

Essent Group Stock Down 2.0%

Shares of NYSE:ESNT opened at $63.96 on Tuesday. The stock has a 50-day simple moving average of $63.56 and a 200-day simple moving average of $62.19. The stock has a market capitalization of $6.18 billion, a P/E ratio of 9.31, a PEG ratio of 4.14 and a beta of 0.90. Essent Group Ltd. has a 1 year low of $51.61 and a 1 year high of $67.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68.

Essent Group (NYSE:ESNT) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). Essent Group had a net margin of 55.63% and a return on equity of 12.40%. The business had revenue of $311.83 million for the quarter, compared to analyst estimates of $316.84 million. During the same period last year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts forecast that Essent Group Ltd. will post 6.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Roy James Kasmar sold 3,250 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $61.44, for a total value of $199,680.00. Following the completion of the sale, the director directly owned 23,573 shares in the company, valued at approximately $1,448,325.12. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary Lourdes Gibbons sold 4,352 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $67.00, for a total value of $291,584.00. Following the completion of the transaction, the senior vice president directly owned 237,896 shares in the company, valued at $15,939,032. This trade represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.40% of the company’s stock.

Essent Group Profile

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.