Essent Group (ESNT)

• Market cap: $5.66B
• 1 day: 0.66%
• 5 days: -4.07%
• 1 month: -4.40%
• 3 months: -16.15%
• 6 months: -5.73%
• Year to date: 0.68%
• 1 year: 2.44%
• 5 years: 0.89%
• 10 years: 114.15%
• Sector: Financials
• Industry: Surety Insurance

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: 602

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

156% more call options, than puts

Call options by funds: $2.4M | Put options by funds: $939K

117% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 24

11% more capital invested

Capital invested by funds: $5.63B [Q2] → $6.24B (+$609M) [Q3]

10% more funds holding

Funds holding: 283 [Q2] → 311 (+28) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 104

2.56% less ownership

Funds ownership: 93.9% [Q2] → 91.34% (-2.56%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 13% upside
• Avg. target: $66 24% upside
• High target: $75 41% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Keefe, Bruyette & Woods Bose George 63% 1-year accuracy 22 / 35 met price target	41% upside $75	Outperform Maintained	10 Dec 2024
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target	13% upside $60	Neutral Maintained	9 Dec 2024
Goldman Sachs Ryan Nash 54% 1-year accuracy 15 / 28 met price target	13% upside $60	Neutral Maintained	5 Nov 2024
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target	26% upside $67	Outperform Maintained	4 Nov 2024
Barclays Terence Malone 25% 1-year accuracy 2 / 8 met price target	30% upside $69	Overweight Maintained	4 Nov 2024