Essent Group Ltd (NYSE:ESNT) Declares Quarterly Dividend of $0.15

Essent Group Ltd (NYSE:ESNT) announced a quarterly dividend on Friday, November 8th, Zacks reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.15 per share by the financial services provider on Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 3rd.

ESNT stock opened at $54.65 on Friday. Essent Group has a 12-month low of $31.08 and a 12-month high of $55.84. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.99 and a beta of 1.22. The company has a 50 day moving average of $52.43 and a two-hundred day moving average of $48.96.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, November 8th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Essent Group had a net margin of 64.58% and a return on equity of 20.86%. The company had revenue of $226.39 million during the quarter, compared to the consensus estimate of $216.35 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The company’s revenue was up 22.4% compared to the same quarter last year. As a group, analysts expect that Essent Group will post 5.61 EPS for the current fiscal year.

A number of research firms have issued reports on ESNT. Barclays increased their target price on shares of Essent Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. BTIG Research reiterated a “buy” rating and issued a $54.00 target price on shares of Essent Group in a research report on Sunday, August 4th. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, October 23rd. Finally, ValuEngine upgraded shares of Essent Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th.

In other news, CAO David B. Weinstock sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $48.69, for a total transaction of $97,380.00. Following the transaction, the chief accounting officer now owns 20,118 shares in the company, valued at approximately $979,545.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary Lourdes Gibbons sold 2,381 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.01, for a total transaction of $128,597.81. Following the transaction, the senior vice president now owns 210,404 shares in the company, valued at approximately $11,363,920.04. The disclosure for this sale can be found here. Insiders have sold a total of 8,762 shares of company stock worth $448,795 in the last 90 days. 2.90% of the stock is owned by insiders.

Essent Group Company Profile

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

Read More: Ex-Dividend

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