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: 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
148% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 21
11% more capital invested
Capital invested by funds: $5.68B [Q2] → $6.3B (+$623M) [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
2.46% less ownership
Funds ownership: 94.77% [Q2] → 92.3% (-2.46%) [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
5 analyst ratings
Keefe, Bruyette & Woods Bose George 66% 1-year accuracy 25 / 38 met price target | 25%upside $72 | Outperform Maintained | 8 Jan 2025 |
Barclays Terence Malone 50% 1-year accuracy 4 / 8 met price target | 1%upside $58 | Equal-Weight Downgraded | 6 Jan 2025 |
JP Morgan Richard Shane 61% 1-year accuracy 37 / 61 met price target | 4%upside $60 | Neutral Maintained | 9 Dec 2024 |
Goldman Sachs Ryan Nash 52% 1-year accuracy 13 / 25 met price target | 4%upside $60 | Neutral Maintained | 5 Nov 2024 |
RBC Capital Scott Heleniak 79% 1-year accuracy 42 / 53 met price target | 16%upside $67 | Outperform Maintained | 4 Nov 2024 |
Financial journalist opinion
