KBW analyst Bose George reiterated a Buy rating on Essent Group (ESNT) on November 11 and set a price target of $57. The company’s shares closed yesterday at $40.78.
According to TipRanks.com, George is a 5-star analyst with an average return of 13.3% and a 70.2% success rate. George covers the Financial sector, focusing on stocks such as Stewart Information Services Corp, AGNC Investment Corp, and Assured Guaranty Ltd.
Currently, the analyst consensus on Essent Group is a Moderate Buy with an average price target of $55, a 34.9% upside from current levels. In a report issued on November 12, Barclays also maintained a Buy rating on the stock with a $53 price target.
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Based on Essent Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $116 million. In comparison, last year the company had a net profit of $78.39 million.
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Essent Group Ltd. is a holding company, which engages in the provision of banking services. It offers mortgage insurance, reinsurance, and risk management products. The company was founded by Mark A. Casale on July 1, 2008 and is headquartered in Hamilton, Bermuda.
