Essent Group Ltd. (NYSE:ESNT) changes shares on Tuesday trading session, with a change of -0.90% or -$0.32 shares. The trading starts at $35.56 and closed at $35.63 throughout the day. The trading session low price was $34.73 and day high was $35.85 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.52 million while its average volume is 1.81M. In other hand, the ESNT market cap reached to $3.87B. While, its current target price is $43.36.
On May 29, 2020, BRIEF-Essent Group Says Offering 12 Mln Common Shares At $33.25/ Share. According to the news reported on Reuters, * ESSENT GROUP – OFFERING 12 MILLION COMMON SHARES AT $33.25/ SHARE Source text for Eikon: Further company coverage:
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.90% and up 2.20% for month. Its quarterly performance was 32.00% above, while its half year performance is down -30.76%. ESNT yearly performance stood at negative -21.27% and fall -32.08% for year-to-date. Current recommendation for Essent Group Ltd. is 1.80.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ESNT EPS (TTM) for 12-month is 5.88. EPS for this year is 18.60%, while for the next year its value is 4.77. Sales growth for the current quarter is 1.30 while its EPS Q/Q reached 16.80%. It has an EPS of 40.50% up for past five years and for the next five years will be up 4.61%.
Let’s take a look on the analyst recommendations on ESNT for the current month and previous month. For the current month, 10 of 12 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 0 rated it sell, 11 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $36.00 – $61.00. Average target price for ESNT was reached at $43.55.
Vanguard Group, Inc. (The), FMR, LLC and Capital Research Global Investors are the top three holders in Essent Group Ltd. (ESNT) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 9.27 million shares which valued 244.17 million. On Mar 30, 2020, FMR, LLC owned 8.35 million shares which valued at 220.03 million. On Mar 30, 2020, Capital Research Global Investors has a total of 7.79 million shares which valued at 205.16 million. In the end, Capital Research Global Investors have 6.93% shares outstanding of Essent Group Ltd. (ESNT) on Mar 30, 2020. The insider ownership moved to 2.30% and institutional holding shifted to 86.60%.
The company posted an EPS (TTM) of 5.88. According to the most recent quarter report on (Jun 2020), 12 analysts estimated an average EPS of 0.47, while 1.39 EPS posted a year ago period. Analyst Estimated EPS for ESNT published in the report was -$0.18 – $1.19 during the same period. Comparing with last year, the average estimated EPS was 1.39 which is lower than 1.52 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ESNT fall -14.26% for period of 200 days. SMA for 50 days was 0.14% which is showing green signal, while SMA-20 was 2.74%. The moving average value for Essent Group Ltd. (ESNT) is 35.75 and 35.07 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ESNT stock. On May 28, CASALE MARK, Chairman, CEO and President, bought 50,000 trading shares at the cost of $33.25, which valued at 1.66 million. On Mar 11, GLANVILLE ROBERT, Director, bought 1,000 shares at the cost of $38.58, with total shares of 36,173. On Feb 25, GLANVILLE ROBERT, Director, bought 1,000 shares at the cost of 46.50. After this transaction, GLANVILLE ROBERT total shares reached to 35,173 which valued at 46500.0.