Wells Fargo Sticks to Its Hold Rating for Essent Group


Wells Fargo analyst Sean Dargan maintained a Hold rating on Essent Group (NYSE: ESNT) today. The company’s shares closed yesterday at $34.07, close to its 52-week low of $32.73.

Dargan commented:

“Wells Fargo Securities, LLC’s research analysts receive compensation that is based upon and impacted by the overall profitability and revenue of the firm, which includes, but is not limited to investment banking revenue.”

According to TipRanks.com, Dargan is a 2-star analyst with an average return of 0.3% and a 41.8% success rate. Dargan covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Essent Group has an analyst consensus of Strong Buy, with a price target consensus of $52.96.

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Essent Group’s market cap is currently $3.35B and has a P/E ratio of 8.60. The company has a book value ratio of 1.7283.

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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.

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