Essent Group price target raised to $58 from $56 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Essent Group to $58 from $56 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company remains in a good spot with low default rates and high credit quality still a theme, the analyst tells investors in a research note. Essent’s Q4 reserve releases slowed a bit from the recent run rate, but these should remain healthy in 2024, the firm added.