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After finishing at $60.01 in the prior trading day, Essent Group Ltd (NYSE: ESNT) closed at $53.77, down -10.40%. In other words, the price has decreased by -$10.40 from its previous closing price. On the day, 1.94 million shares were traded. ESNT stock price reached its highest trading level at $57.7775 during the session, while it also had its lowest trading level at $53.48.
Ratios:
Our goal is to gain a better understanding of ESNT by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on August 05, 2024, Upgraded its rating to Outperform and sets its target price to $70 from $65 previously.
On April 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $58 to $61.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $54.UBS initiated its Neutral rating on December 06, 2023, with a $54 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when WEINSTOCK DAVID B sold 2,000 shares for $63.59 per share. The transaction valued at 127,180 led to the insider holds 25,416 shares of the business.
WEINSTOCK DAVID B bought 2,000 shares of ESNT for $127,179 on Sep 18 ’24. On Aug 06 ’24, another insider, KASMAR ROY JAMES, who serves as the Director of the company, sold 5,000 shares for $58.81 each. As a result, the insider received 294,050 and left with 27,140 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ESNT now has a Market Capitalization of 5713008640 and an Enterprise Value of 5064325120. As of this moment, Essent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.79, and their Forward P/E ratio for the next fiscal year is 7.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.23 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 4.276 whereas that against EBITDA is 5.572.
Stock Price History:
Over the past 52 weeks, ESNT has reached a high of $65.33, while it has fallen to a 52-week low of $46.93. The 50-Day Moving Average of the stock is -14.53%, while the 200-Day Moving Average is calculated to be -7.24%.
Shares Statistics:
The stock has traded on average 446.29K shares per day over the past 3-months and 684450 shares per day over the last 10 days, according to various share statistics. A total of 106.60M shares are outstanding, with a floating share count of 102.89M. Insiders hold about 3.16% of the company’s shares, while institutions hold 94.33% stake in the company. Shares short for ESNT as of 1728950400 were 810265 with a Short Ratio of 1.82, compared to 1726185600 on 587428. Therefore, it implies a Short% of Shares Outstanding of 810265 and a Short% of Float of 1.04.
Dividends & Splits
In the trailing 12 months, ESNT’s forward annual dividend rate was 1.09, compared to 1.09 this year. Against a Trailing Annual Dividend Yield of 0.01816364The stock’s 5-year Average Dividend Yield is 1.69.
