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Essent Group (ESNT) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Richard Shane maintained a Buy rating on Essent Group (ESNTResearch Report) on August 1 and set a price target of $54.00. The company’s shares closed last Wednesday at $42.24.

According to TipRanks.com, Shane is a 5-star analyst with an average return of 14.2% and a 68.0% success rate. Shane covers the Financial sector, focusing on stocks such as Claros Mortgage Trust, Inc., Discover Financial Services, and Kkr Real Estate Finance.

Currently, the analyst consensus on Essent Group is a Strong Buy with an average price target of $54.00.

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The company has a one-year high of $50.17 and a one-year low of $35.53. Currently, Essent Group has an average volume of 552.9K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESNT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on ESNT:

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