Essent GroupESNT
About: Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.
Employees: 528
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
5% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 39
1% more funds holding
Funds holding: 279 [Q1] → 281 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
0.07% less ownership
Funds ownership: 93.2% [Q1] → 93.14% (-0.07%) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 103
6% less capital invested
Capital invested by funds: $5.92B [Q1] → $5.58B (-$342M) [Q2]
66% less call options, than puts
Call options by funds: $376K | Put options by funds: $1.11M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Terence Malone 60% 1-year accuracy 3 / 5 met price target | 11%upside $72 | Overweight Maintained | 8 Oct 2024 |
JP Morgan Richard Shane 57% 1-year accuracy 29 / 51 met price target | 5%upside $68 | Neutral Maintained | 7 Oct 2024 |
BTIG Mark Palmer 73% 1-year accuracy 38 / 52 met price target | 1%downside $64 | Buy Maintained | 5 Aug 2024 |
RBC Capital Scott Heleniak 98% 1-year accuracy 45 / 46 met price target | 3%upside $67 | Outperform Maintained | 5 Aug 2024 |
JP Morgan Richard Shane 57% 1-year accuracy 29 / 51 met price target | 3%downside $63 | Neutral Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 4 articles about ESNT published over the past 30 days