Yesterday Essent Group (NYSE:ESNT) traded 2.55% higher at $39.75. The companys 50-day moving average is $38.62 and its 200-day moving average is $36.86. The last closing price is up 6.75% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 242,445 shares of the stock traded hands, down from an average trading volume of 544,941
KBW has upgraded Essent Group (NYSE:ESNT) from Mkt Perform to Outperform in a report released on Wednesday August 23, 2017.
Essent Group has a 52 week low of $25.72 and a 52 week high of $41.44 with a P/E ratio of 14.00 The companys market cap is currently $0.
In addition to KBW reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $24.35 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.
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