Essent Group Ltd (NYSE:ESNT) Plans Quarterly Dividend of $0.15

Essent Group Ltd (NYSE:ESNT) declared a quarterly dividend on Friday, November 8th, Zacks reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.15 per share by the financial services provider on Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 3rd.

NYSE ESNT opened at $54.65 on Friday. The business’s 50-day moving average price is $52.43 and its 200 day moving average price is $48.96. Essent Group has a twelve month low of $31.08 and a twelve month high of $55.84. The company has a market capitalization of $5.48 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, November 8th. The financial services provider reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.09. Essent Group had a return on equity of 20.86% and a net margin of 64.58%. The firm had revenue of $226.39 million for the quarter, compared to the consensus estimate of $216.35 million. During the same period in the prior year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Sell-side analysts predict that Essent Group will post 5.61 EPS for the current fiscal year.

In other news, SVP Mary Lourdes Gibbons sold 2,381 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $53.01, for a total value of $126,216.81. Following the transaction, the senior vice president now directly owns 212,785 shares in the company, valued at approximately $11,279,732.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO David B. Weinstock sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $48.69, for a total value of $97,380.00. Following the completion of the transaction, the chief accounting officer now owns 20,118 shares in the company, valued at $979,545.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,762 shares of company stock worth $448,795. Company insiders own 2.90% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, October 23rd. Barclays increased their target price on Essent Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. BTIG Research reiterated a “buy” rating and set a $54.00 target price on shares of Essent Group in a research report on Sunday, August 4th. Finally, ValuEngine upgraded Essent Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th.

About Essent Group

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 also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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