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Sunday, December 3, 2023

Essent Group Ltd (NYSE: ESNT) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Essent Group Ltd (ESNT) shows that investor sentiment remained same, with the stock’s consolidated last price to $48.07. The Essent Group Ltd has recorded 29,029 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Essent Group Ltd. Announces Third Quarter 2023 Results and Declares Quarterly Dividend.

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Stocks Info

The company is listed on the NYSE and operates within the Insurance – Specialty industry segment. At the end of the last regular session, the stock closed at $48.07 and fluctuated between $48.95 as its day high and $47.37 as its day low. The current market capitalization of Essent Group Ltd is $5.14B. A total of 0.56 million shares were traded on the day, compared to an average of 450.87K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ESNT has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 17,000 shares. Over the last 12 months, there were 35 BUYs and 18 SELLs from insiders. Insiders purchased 387,837 shares during that period but sold 107,432.

In the most recent transaction, WEINSTOCK DAVID B sold 2,000 shares of ESNT for 48.20 per share on Sep 27. After the transaction, the SVP and CFO now owns 25,648 company shares. In a previous transaction on Aug 23, Gibbons Mary Lourdes sold 15,000 shares at 49.80 per share. ESNT shares that SVP and Chief Legal Officer owns now total 261,324.

Among the insiders who sold shares, WEINSTOCK DAVID B disposed of 2,000 shares on Aug 16 at a per-share price of $51.88. This resulted in the SVP and CFO holding 27,648 shares of ESNT after the transaction. In another insider transaction, Bhasin Vijay sold 2,661 shares at $50.57 per share on Aug 02. Company shares held by the SVP and Chief Risk Officer now total 214,444.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Essent Group Ltd pays an annual dividend of $1.00, resulting in a dividend yield of 2.08%, and it has a price to earnings (P/E) ratio of 7.72. ESNT’s most recent ex-dividend date was 8/31/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 9/11/2023. Previously, the company paid the dividend on 6/12/2023 with an ex-dividend date of 5/31/2023. The ESNT stock dividend was $0.25 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ESNT in the last 3 months, the mean price target is $57.13 with high estimates of $65.00 and low estimates of $51.00. In terms of 52-week highs and lows, ESNT has a high of $53.66 and a low of $36.53.

As of this writing, ESNT has an earnings estimate of $1.57 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.66 per share and a lower estimate of $1.48. The company reported an EPS of $1.59 in the last quarter, which was 9.70% higher than expectations of $1.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ESNT’s latest balance sheet shows that the firm has $5.04B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $44.24, while its Total Shareholder’s Equity was $4.24B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESNT is Buy with a score of 4.13.

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