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’s mortgage insurance products include primary, pool, and master policy. It also provides information technology maintenance and development services; customer support-related services; underwriting consulting services to third-party reinsurers; and contract underwriting services, as well as credit risk management products. In addition, the company offers title insurance and settlement services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders; and mortgage borrowers and investors. Essent Group Ltd. was incorporated in 2008 and is headquartered in Hamilton, Bermuda.
Financial Headwinds | Essent Group faces challenges with lower earnings and rising delinquencies, yet maintains strong profitability metrics and management optimism for future returns |
Credit Quality Trends | Explore the nuanced credit performance of Essent Group, balancing increased delinquencies with underlying resilience and potential for improvement |
Strategic Outlook | Delve into management's confidence in maintaining low ultimate claims and achieving double-digit returns despite industry headwinds |
Market Positioning | Analyst price targets range from $58 to $69, reflecting a neutral industry view and Essent Group's potential for growth in a competitive landscape |
Metrics to compare | ESNT | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipESNTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 8.5x | 10.2x | 9.4x | |
PEG Ratio | −21.69 | 0.30 | 0.03 | |
Price/Book | 1.0x | 1.1x | 1.0x | |
Price / LTM Sales | 4.7x | 1.4x | 2.8x | |
Upside (Analyst Target) | 7.9% | 13.5% | 17.1% | |
Fair Value Upside | Unlock | 18.3% | 2.0% | Unlock |