
Essent Group (ESNT) Stock Forecast & Price Target
Essent Group (ESNT) Analyst Ratings
Bulls say
Essent Group Ltd demonstrated a 0.5% increase in book value per share, reaching $53.36 at the end of Q4, reflecting solid financial health in a challenging market environment. The company achieved a sequential increase in its insurance in force (IIF) by 0.2%, alongside an increase in its new insurance written (NIW) market share to 15.6%, positioned favorably against industry averages. Despite rising total defaults due to external factors such as natural disasters, Essent Group's projected growth in IIF and NIW for the upcoming years indicates robust potential for capital deployment and shareholder returns as market conditions improve.
Bears say
Essent Group Ltd has experienced a decline in persistency rates, decreasing to 85.7% in Q4 from 86.6% in Q3, indicating potential challenges in customer retention within a competitive market. Additionally, the company reported a 4.3% year-over-year decline in title insurance net premiums earned, attributed to reduced housing transaction activity, which could further hinder revenue growth. Concerns over macroeconomic weakness and a decrease in PMIERs excess capital from $1.69 billion to $1.58 billion raise alarms about potential capital constraints and higher risks associated with mortgage credit losses.
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
Start investing in Essent Group (ESNT)
Order type
Buy in
Order amount
Est. shares
0 shares