Essent Group Ltd. (NYSE:ESNT) saw a downside of -0.02% to close Friday at $50.34 after subtracting -$0.01 on the day. The 5-day average trading volume is 363,640 shares of the company’s common stock. It has gained $52.53 in the past week and touched a new high 1 time within the past 5 days. An average of 442,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 465,770.
ESNT’s 1-month performance is 1.80% or $1.34 on its low of $48.89 reached on 07/19/23. The company’s shares have touched a 52-week low of $34.27 and high of $53.66, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, ESNT has achieved 29.48% or $11.46 and has reached a new high 30 times. However, the current price is down -6.19% from the 52-week high price.
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Insider Transactions
ESNT stock investors last saw insider trading activity on Aug 02.Bhasin Vijay (SVP and Chief Risk Officer) most recently sold 2,661 shares at $50.57 per share on Aug 02. This transaction cost the insider $134,567. SVP and Chief Risk Officer, Bhasin Vijay, sold 1,352 shares at a price of $50.04 on Jul 28. Then, on Jul 27, SVP and Chief Risk Officer Bhasin Vijay sold 2,502 shares at a price of $50.09 per share. This transaction amounted to $125,325.
Valuation Metrics
ESNT stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.34 while the price-to-book (PB) in the most recent quarter is 1.13, with the price to cash flow ratio at 7.76.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.09, while the total debt to equity was 0.09.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -34.57% to $172.23 million, while revenue of $170.83 million was 0.81% off the previous quarter. Analysts expected ESNT to announce $1.51 per share in earnings in its latest quarter, but it posted $1.61, representing a 6.60% surprise. Shareholders hold equity totaling $106.99 million.
Let’s look briefly at Essent Group Ltd. (ESNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 41.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.38%.
The stock’s 5-day moving average is $51.07, reflecting a -3.84% or -$2.01 change from its current price. ESNT is currently trading +2.32% above its 20-day SMA, +27.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.49% and SMA200 by+27.19%.
Stochastic %K and %D was 27.59% and 39.15% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 50.50%, while the 14-day stochastic is at 25.73% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -1.28 and -1.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Essent Group Ltd. (NYSE: ESNT), Keefe Bruyette downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ESNT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ESNT as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is ESNT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $51.00 and a high of $65.00, with their median price target at $56.00. Looking at these predictions, the average price target given by analysts is for Essent Group Ltd. (ESNT) stock is $56.67.
