Essent Group Ltd. (ESNT) Can’t Be More Hot. Just Reaches 52-Week High

January 14, 2018 - By Migdalia James

Investors sentiment increased to 1.75 in Q3 2017. Its up 0.39, from 1.36 in 2017Q2. It is positive, as 19 investors sold Essent Group Ltd. shares while 58 reduced holdings. 44 funds opened positions while 91 raised stakes. 83.02 million shares or 4.73% more from 79.27 million shares in 2017Q2 were reported.
Ameritas Investment Prtn holds 6,781 shares. Raymond James Associate holds 0% of its portfolio in Essent Group Ltd. (NYSE:ESNT) for 18,128 shares. State Common Retirement Fund invested in 84,200 shares. Renaissance Ltd Llc has invested 0.04% in Essent Group Ltd. (NYSE:ESNT). Los Angeles Capital Mngmt & Equity Rech has invested 0.02% in Essent Group Ltd. (NYSE:ESNT). Bluemar Capital Mgmt Limited Liability accumulated 21,300 shares. Zacks Mgmt holds 0.07% or 71,062 shares in its portfolio. Westfield L P holds 0.38% of its portfolio in Essent Group Ltd. (NYSE:ESNT) for 1.21M shares. Yorktown Research owns 7,800 shares or 0.08% of their US portfolio. The New York-based Tiaa Cref Ltd Liability Company has invested 0.01% in Essent Group Ltd. (NYSE:ESNT). Stifel Fincl Corp holds 12,826 shares or 0% of its portfolio. Moreover, Price T Rowe Md has 0.01% invested in Essent Group Ltd. (NYSE:ESNT) for 744,426 shares. Duncker Streett And Incorporated reported 1,000 shares or 0.01% of all its holdings. First Mercantile reported 12,090 shares stake. First Quadrant Lp Ca accumulated 0.01% or 10,382 shares.

Since August 4, 2017, it had 0 buys, and 9 sales for $1.53 million activity. Shares for $124,720 were sold by MCALEE LAWRENCE E JR on Friday, August 4. $77,820 worth of Essent Group Ltd. (NYSE:ESNT) was sold by WEINSTOCK DAVID B on Thursday, September 14.

The stock of Essent Group Ltd. (NYSE:ESNT) hit a new 52-week high and has $51.45 target or 7.00 % above today’s $48.08 share price. The 6 months bullish chart indicates low risk for the $4.73B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $51.45 price target is reached, the company will be worth $331.31 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.50% or $0.24 during the last trading session, reaching $48.08. About 623,158 shares traded. Essent Group Ltd. (NYSE:ESNT) has risen 81.69% since January 14, 2017 and is uptrending. It has outperformed by 64.99% the S&P500.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on February, 9. They expect $0.78 EPS, up 14.71 % or $0.10 from last year’s $0.68 per share. ESNT’s profit will be $76.78 million for 15.41 P/E if the $0.78 EPS becomes a reality. After $0.82 actual EPS reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

Essent Group Ltd. (NYSE:ESNT) Ratings Coverage

Among 12 analysts covering Essent Group (NYSE:ESNT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Essent Group has $60.0 highest and $22 lowest target. $43.71’s average target is -9.09% below currents $48.08 stock price. Essent Group had 40 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Keefe Bruyette & Woods on Friday, August 5. Barclays Capital maintained it with “Overweight” rating and $46 target in Friday, November 10 report. The stock of Essent Group Ltd. (NYSE:ESNT) earned “Overweight” rating by Barclays Capital on Monday, August 7. On Friday, November 3 the stock rating was downgraded by Deutsche Bank to “Hold”. Compass Point maintained the stock with “Neutral” rating in Tuesday, February 16 report. The rating was maintained by Compass Point with “Neutral” on Friday, August 5. The stock of Essent Group Ltd. (NYSE:ESNT) earned “Buy” rating by BTIG Research on Thursday, November 9. As per Thursday, January 4, the company rating was maintained by Susquehanna. Wood maintained the shares of ESNT in report on Monday, May 1 with “Hold” rating. The rating was maintained by Compass Point with “Neutral” on Friday, May 6.

More news for Essent Group Ltd. (NYSE:ESNT) were recently published by: Businesswire.com, which released: “Essent Group Ltd. Announces Resignation of Adolfo Marzol from Board of Directors” on May 09, 2017. Seekingalpha.com‘s article titled: “Essent Group up more than 4% after upgrade” and published on August 23, 2017 is yet another important article.

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company has market cap of $4.73 billion. The firm also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It has a 16.13 P/E ratio. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.

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