Is Buying Essent Group Ltd. (ESNT) Here a Winning Strategy?

January 14, 2018 - By simple simple

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.
Teachers Insurance And Annuity Association Of America owns 22,228 shares or 0.02% of their US portfolio. Principal Financial Group has invested 0% in Essent Group Ltd. (NYSE:ESNT). Globeflex L P stated it has 0.7% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Vanguard Group Inc Inc invested in 8.75 million shares or 0.02% of the stock. Natixis holds 10,136 shares. Cubist Systematic Strategies Ltd Llc has invested 0.1% in Essent Group Ltd. (NYSE:ESNT). 553,829 are owned by Loomis Sayles And L P. 16,895 are owned by Chicago Equity Ptnrs Ltd Liability Com. Prelude Capital Mngmt Limited Liability Co holds 0.01% or 3,000 shares in its portfolio. Albion Finance Gp Ut invested 0.1% of its portfolio in Essent Group Ltd. (NYSE:ESNT). The Connecticut-based Northcoast Asset Limited Liability Company has invested 0.55% in Essent Group Ltd. (NYSE:ESNT). D E Shaw & Incorporated stated it has 0.06% in Essent Group Ltd. (NYSE:ESNT). Origin Asset Management Llp has 0.02% invested in Essent Group Ltd. (NYSE:ESNT) for 8,077 shares. Nationwide Fund Advsr has 0.02% invested in Essent Group Ltd. (NYSE:ESNT) for 146,860 shares. Prudential Finance stated it has 0.01% in Essent Group Ltd. (NYSE:ESNT).

Since August 4, 2017, it had 0 insider buys, and 9 sales for $1.53 million activity. On Monday, October 16 the insider WEINSTOCK DAVID B sold $125,130. Gibbons Mary Lourdes also sold $188,784 worth of Essent Group Ltd. (NYSE:ESNT) on Monday, August 7.

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 firm has “Hold” rating given on Friday, November 3 by Deutsche Bank. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Friday, August 5. The stock of Essent Group Ltd. (NYSE:ESNT) earned “Buy” rating by BTIG Research on Thursday, November 9. On Monday, August 7 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of Essent Group Ltd. (NYSE:ESNT) has “Underperform” rating given on Thursday, October 27 by Bank of America. The stock of Essent Group Ltd. (NYSE:ESNT) has “Neutral” rating given on Friday, May 6 by Compass Point. On Tuesday, December 6 the stock rating was downgraded by BTIG Research to “Neutral”. The rating was maintained by Wood with “Hold” on Monday, May 1. Barclays Capital maintained the shares of ESNT in report on Monday, August 7 with “Overweight” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, November 10.

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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