Essent Group price target raised to $58 from $57 at UBS

UBS raised the firm’s price target on Essent Group to $58 from $57 and keeps a Neutral rating on the shares as part of a broader research note on Mortgage Insurance names. The operating environment for the group remains favorable with stability in pricing on new insurance written, benefits from higher persistency, continued favorable credit environment, and continued high levels of capital return, the analyst tells investors in a research note. UBS adds however that while it is increasing its 2025 EPS estimates for the group by 3% and price targets by 5% on average, it also sees the positives being “well understood in the market”.