
Essent Group (ESNT) Stock Forecast & Price Target
Essent Group (ESNT) Analyst Ratings
Bulls say
Essent Group Ltd demonstrated a modest increase in book value per share, rising 0.5% sequentially to $53.36 at the end of Q4, which can signal financial stability and shareholder confidence. Despite a slight contraction in new insurance written (NIW), the company increased its market share to 15.6% and reported growth in insurance in force (IIF), highlighting competitive advantages relative to industry peers. Additionally, the company’s forecasts for NIW and IIF growth remain robust, indicating a positive outlook for future performance, especially should market conditions improve.
Bears say
Essent Group's stock outlook is negatively influenced by a decrease in persistency rates, which fell to 85.7% in Q4 from 86.6% in Q3, indicating a potential decline in customer retention. Additionally, the company's title insurance segment reported a 4.3% year-over-year decline in net premiums earned, reflecting reduced housing transaction activity that could hinder overall revenue growth. The decrease in PMIERs excess capital to $1.58 billion alongside challenges in mortgage credit conditions further underscores the risks facing Essent Group, including potential losses and lower origination volumes in the mortgage market.
This aggregate rating is based on analysts' research of Essent Group and is not a guaranteed prediction by Public.com or investment advice.
Essent Group (ESNT) Analyst Forecast & Price Prediction
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