ESNT Stock Summary and Trading Ideas (Essent Group Ltd. Common Shares | NYSE:ESNT)

Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

Essent Group Ltd. Common Shares trades on the NYSE stock market under the symbol ESNT.

As of April 23, 2024, ESNT stock price climbed to $54.04 with 10,646 million shares trading.

ESNT has a beta of 0.77, meaning it tends to be less sensitive to market movements. ESNT has a correlation of 0.23 to the broad based SPY ETF.

ESNT has a market cap of $5.78 billion. This is considered a Mid Cap stock.

Last quarter Essent Group Ltd. Common Shares reported $297 million in Revenue and $1.64 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.05.

In the last 3 years, ESNT stock traded as high as $59.90 and as low as $34.27.

The top ETF exchange traded funds that ESNT belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

ESNT has outperformed the market in the last year with a return of +31.6%, while the SPY ETF gained +23.7%. However, in the most recent history, ESNT shares have underperformed the stock market with its stock returning -1.6% in the last 3 month period and -4.9% for the last 2 week period, while SPY has returned +4.4% and -3.0%, respectively.

ESNT support price is $53.13 and resistance is $54.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESNT stock will trade within this expected range on the day.