Bank of America Corp. downgraded Essent Group Ltd (NYSE:ESNT) to Neutral in a report released today.
- Updated: September 27, 2016
Yesterday Essent Group Ltd (NYSE:ESNT) traded 0.30% higher at $26.68. ESNT’s 50-day average is $26.53 and its two hundred day average is $22.73. With the last close up 17.40% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 257,371 shares of ESNT changing hands under the typical 556,539
Bank of America Corp. has downgraded Essent Group Ltd (NYSE:ESNT) to Neutral in a report released on 09/28/2016.
Previously on 9/7/2016, Barclays Capital reported about Essent Group Ltd (NYSE:ESNT) raised the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.13%.
With a total market value of $0, Essent Group Ltd has price-earnings ratio of 13.21 with a one year low of $16.49 and a one year high of $28.62 .
A total of 10 equity analysts have released a ratings update on ESNT. Four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.35.
Brief Synopsis About Essent Group Ltd (NYSE:ESNT)
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia. The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.
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