Essent (ESNT) Stock

Essent Group Ltd. (NYSE:ESNT) held its Q3 2024 earnings call on November 1, 2024, at 10:00 AM ET. The call featured company representatives including Phil Stefano, Mark Casale, David Weinstock, and Chris Curran, along with analysts from various financial institutions. The operator welcomed everyone and thanked them for their patience.

Essent Group (ESNT) reported quarterly earnings of $1.65 per share, which is lower than the Zacks Consensus Estimate of $1.70 per share. This is a slight decrease compared to earnings of $1.66 per share from the same period last year.

HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. (NYSE: ESNT) has announced a net income of $176.2 million, or $1.65 per diluted share, for the quarter ending September 30, 2024, which is slightly lower than the $178.0 million, or $1.66 per diluted share, reported for the same quarter in 2023. The company also revealed that its Board of Directors has approved a quarterly cash dividend of $0.28 per common share. This dividend will be paid on December 11, 2024, to shareholders who are on record by December 2, 2024.

Essent Group (ESNT) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. has set a date for its Third Quarter Earnings Conference Call, which will take place on November 1, 2024.

Essent Group (ESNT) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. has completed a reinsurance deal worth $363.4 million, along with associated mortgage insurance-linked notes.

Essent Group Ltd. is a holding company located in Bermuda that focuses on private mortgage insurance, reinsurance, and related services to improve access to mortgages in the U.S. housing market. Since March 2018, the company has shifted $1 billion of risk to investors through nine Radnor Re ILNs and $288 million through five XOL deals. Their private mortgage insurance helps protect lenders from defaults, allowing more individuals, particularly those with lower down payments, to secure mortgages and contribute to a stable mortgage market.