The Street Is Finally Waking Up To Essent Group Ltd (NYSE: ESNT)

After Hours

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Stocks Info

The company is listed on the NYSE and operates within the Insurance – Specialty industry segment. The current market capitalization of Essent Group Ltd is $5.79B. A total of 0.54 million shares were traded on the day, compared to an average of 529.38K shares.

In the most recent transaction, Bhasin Vijay sold 12,925 shares of ESNT for 55.05 per share on Jan 19 ’24. After the transaction, the SVP and Chief Risk Officer now owns 201,519 company shares. In a previous transaction on Jan 19 ’24, Gibbons Mary Lourdes sold 5,000 shares at 55.00 per share. ESNT shares that SVP and Chief Legal Officer owns now total 247,969.

Among the insiders who sold shares, Gibbons Mary Lourdes disposed of 8,355 shares on Dec 14 ’23 at a per-share price of $52.15. This resulted in the SVP and Chief Legal Officer holding 252,969 shares of ESNT after the transaction. In another insider transaction, WEINSTOCK DAVID B sold 2,000 shares at $48.20 per share on Sep 27 ’23. Company shares held by the SVP and CFO now total 25,648.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Essent Group Ltd pays an annual dividend of $1.03, resulting in a dividend yield of 1.90%, and it has a price to earnings (P/E) ratio of 8.33. ESNT’s most recent ex-dividend date was 3/12/2024 when it declared a $0.28 quarterly dividend that was paid in cash on 3/22/2024. Previously, the company paid the dividend on 12/11/2023 with an ex-dividend date of 11/30/2023. 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. In terms of 52-week highs and lows, ESNT has a high of $59.90 and a low of $40.33.

As of this writing, ESNT has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $1.64 per share and a lower estimate of $1.54. The company reported an EPS of $1.59 in the last quarter

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 $47.87, 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 4.00.

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