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BTIG Research announced Essent Group Ltd ESNT (NYSE:ESNT), hiking its price target to $44.00 earlier today

Yesterday Essent Group Ltd ESNT (NYSE:ESNT) traded 2.38% higher at $39.01. The company’s 50-day moving average is $38.37 and its 200-day moving average is $37.07. The last closing price is up 1.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 662,456 shares of the stock were exchanged, up from an average trading volume of 594,724

Stating a potential upside of 0.13%, BTIG Research bumped up the target price of Essent Group Ltd ESNT (NYSE:ESNT) to $44.00

See Chart Below

Essent Group Ltd ESNT (NYSE:ESNT)

Essent Group Ltd ESNT has a 52 week low of $25.72 and a 52 week high of $41.44 with a P/E ratio of 13.34 The company’s market cap is currently $0.

Also covering Essent Group Ltd ESNT's price target, a total of 10 analysts have released a report on Essent Group Ltd ESNT. The 12-month price target is $24.35 with four analysts rating the company a strong buy, five analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.

Brief Synopsis On Essent Group Ltd ESNT (NYSE:ESNT)

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.

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