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Essent Group Ltd   (ESNT)
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Price: $55.3300 $0.01 0.018%
Day's High: $55.88 Week Perf: -0.58 %
Day's Low: $ 54.85 30 Day Perf: 6 %
Volume (M): 2,100 52 Wk High: $ 56.45
Volume (M$): $ 116,165 52 Wk Avg: $48.35
Open: $55.01 52 Wk Low: $37.32



 Market Capitalization (Millions $) 5,928
 Shares Outstanding (Millions) 107
 Employees 366
 Revenues (TTM) (Millions $) 1,110
 Net Income (TTM) (Millions $) 696
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) 4

Essent Group Ltd

We are an established and growing private mortgage insurance company. We were formed to serve the U.S. housing finance industry at a time when the demands of the financial crisis and a rapidly changing business environment created the need for a new, privately funded mortgage insurance company. We believe that our success in acquiring customers and growing our insurance in force has been driven by the unique opportunity we offer lenders to partner with a well-capitalized mortgage insurer, unencumbered by business originated prior to the financial crisis, that provides fair and transparent claims payment practices, and consistency and speed of service.


Private mortgage insurance plays a critical role in the U.S. housing finance system. Essent and other private mortgage insurers provide credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. In doing so, we provide private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners.

Private mortgage insurance helps extend affordable home ownership by facilitating the sale of low down payment loans into the secondary market. Two U.S. Federal government-sponsored enterprises, Fannie Mae and Freddie Mac, which we refer to collectively as the GSEs, purchase residential mortgages from banks and other lenders and guaranty mortgage-backed securities that are offered to investors in the secondary mortgage market. The GSEs are restricted by their charters from purchasing or guaranteeing low down payment loans, defined as loans with less than a 20% down payment, that are not covered by certain credit protections. Private mortgage insurance satisfies the GSEs credit protection requirements for low down payment loans, supporting a robust secondary mortgage market in the United States.

Our primary U.S. mortgage insurance subsidiary, Essent Guaranty, Inc., received its certificate of authority from the Pennsylvania Insurance Department in July 2009. We subsequently acquired our mortgage insurance platform from a former private mortgage insurance industry participant and in 2010, became the first private mortgage insurer to be approved by the GSEs since 1995. We are licensed to write mortgage guaranty coverage in all 50 states and the District of Columbia.

U.S. Mortgage Market

The U.S. residential mortgage market is one of the largest in the world, with over $9.95 trillion of debt outstanding as of September 30, 2015, and includes a range of private and government-sponsored participants. Private industry participants include mortgage banks, mortgage brokers, commercial, regional and investment banks, savings institutions, credit unions, REITs, mortgage insurers and other financial institutions. Public participants include government agencies such as the Federal Housing Administration, or FHA, the Veterans Administration, or VA, the U.S. Department of Agriculture Rural Development program and the Government National Mortgage Association, or Ginnie Mae, as well as government-sponsored enterprises such as Fannie Mae and Freddie Mac. The overall U.S. residential mortgage market encompasses both primary and secondary markets. The primary market consists of lenders originating home loans to borrowers, and includes loans made to support home purchases, which are referred to as purchase originations, and loans made to refinance existing mortgages, which are referred to as refinancing originations. The secondary market includes institutions buying and selling mortgages in the form of whole loans or securitized assets, such as mortgage-backed securities.

GSEs

The GSEs are the largest participants in the secondary mortgage market, buying residential mortgages from banks and other primary lenders as part of their government mandate to provide liquidity and stability in the U.S. housing finance system. According to the Federal Reserve, the GSEs held or guaranteed approximately $4.5 trillion, or 45.3%, of total U.S. residential mortgage debt as of September 30, 2015. Their charters generally prohibit the GSEs from purchasing a low down payment loan unless that loan is insured by a GSE-approved mortgage insurer, the mortgage seller retains at least a 10% participation in the loan or the seller agrees to repurchase or replace the loan in the event of a default. Historically, private mortgage insurance has been the preferred method utilized to meet this GSE charter requirement. As a result, the private mortgage insurance industry in the United States is driven in large part by the business practices and mortgage insurance requirements of the GSEs.

Mortgage Insurance

Mortgage insurance plays a critical role in the U.S. residential mortgage market by facilitating secondary market sales and by providing lenders and investors a means to diversify their exposures and mitigate mortgage credit risk. Mortgage insurance is provided by both private companies, such as Essent, and government agencies, such as the FHA and the VA. From 1996 through 2015, an average of 22.3% of total annual mortgage origination volume utilized mortgage insurance.



   Company Address: Clarendon House Hamilton 0
   Company Phone Number: 297-9901   Stock Exchange / Ticker: NYSE ESNT
   


Customers Net Income fell by ESNT's Customers Net Profit Margin fell to

-45.76 %

6.18 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
EG        3.48% 
HIG        0.72% 
MKL        1.48% 
PGR        3.75% 
TRV        0.66% 
• View Complete Report
   



Essent Group Ltd

ESNT Achieves Impressive 19.41% Surge in Double Digit Earnings per Share during Q4 2023!

Essent Group Ltd, a leading provider of private mortgage insurance, has seen significant fluctuations in its share price over the past month. In February 2024, Essent Group Ltd shares dropped by -6.13%, causing concern among investors. However, when compared to the same time last year, Essent Group Ltd shares have improved by 22.25%, showing long-term growth potential.
One of the key factors contributing to the recent drop in share price is the company's fourth-quarter financial results. Essent Group Ltd reported outstanding revenue growth of 29.23% to $297.28 million, outperforming many of its competitors in the Property & Casualty Insurance industry. Net income also increased by 19.41% to $1.65 per share, demonstrating strong financial performance.

Essent Group Ltd

Essent Group Ltd Maintains Stable Earnings per Share During July to September 30, 2023, Cementing Its Position in the Property & Casualty Insurance Industry

Essent Group Ltd: A Promising Player in the Property & Casualty Insurance Industry
Essent Group Ltd, a leading provider of private mortgage insurance and mortgage credit risk management solutions, continues to showcase its strong performance in the market. The company recently released its financial results for the quarter ending on September 30, 2023, highlighting the positive growth and stability it has achieved.
During the specified period, Essent Group Ltd reported an income per share of $1.66, which remained unchanged compared to the previous year. However, it is worth noting that the income improved by 3.11% from the previous quarter, indicating a steady growth trajectory. This consistency is impressive, especially in comparison to its industry peers.

Essent Group Ltd

Essent Group Ltd's Resilience Shines Through Amidst Challenging Second Quarter Results

Investors Eye Potential in Essent Group Ltd Amid Mixed Results
The stock market experienced some turbulence recently when Essent Group Ltd, a prominent player in the insurance industry, revealed a decline in earnings per share and a slight decrease in revenue for the April to June 30, 2023 period. However, there are several compelling factors that suggest the company is still poised for success and growth.
During the aforementioned period, earnings per share dropped by 36.11% to $1.61, while revenue decreased by 1.694% to $260.13 million, compared to the same period the previous year. These figures may seem worrisome at first glance, but when considering the situation from a broader perspective, it becomes clear that Essent Group Ltd is still performing well.

Essent Group Ltd

Essent Group Ltd Faces Challenges Despite Slight Improvement in ROI

Essent Group Ltd, a financial company, announced its return on average invested assets (ROI) in the first quarter of 2023 as 15.99%, surpassing its average return on investment of 15.34%. However, the ROI decreased compared to the period that ended on September 30, 2022, due to a decline in net income.
In the financial sector, 22 other companies had a higher return on investment, and Essent Group Ltd's total ranking deteriorated from 0 to 334 compared to the third quarter of 2022. Unfortunately, the company reported disappointing recent numbers, with earnings per share decreasing by -3.36% to $1.59 from $1.65, and revenue declining by -0.261% to $256.25 million in the January to March 31, 2023, interval, year on year.






 

Essent Group Ltd's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Essent Group Ltd does not provide revenue guidance.

Earnings Outlook
Essent Group Ltd does not provide earnings estimates.

 
Geographic Revenue Dispersion




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