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Bank of America (Merrill Lynch) downgraded Essent Group (NYSE:ESNT) from Buy to Neutral in a report released today.

Yesterday Essent Group (NYSE:ESNT) traded 0.60% higher at $26.68. ESNT’s 50-day average is $26.60 and its two hundred day average is $22.83. With the last stock price close up 16.54% 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 up over the average, with 670,503 shares of ESNT changing hands over the typical 557,098

Bank of America (Merrill Lynch) has downgraded Essent Group (NYSE:ESNT) from Buy to Neutral in a report released on 9/28/2016.

Previously on 09/07/2016, Barclays Capital reported about Essent Group (NYSE:ESNT) raised the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.13%.

Performance Chart

Essent Group (NYSE:ESNT)

With a total market value of $0, Essent Group has price-earnings ratio of 13.17 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 (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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