Essent Group (ESNT) has entered into an agreement through its subsidiary Essent US Holdings to acquire Agents National Title and Boston National Holdings from Incenter, a subsidiary of Finance of America (FOA) for $100M. Agents National Title, based in Missouri, is a title insurance underwriter with 44 state licenses, and issues title insurance products through a network of title insurance agents. Boston National Title is an independent title agency based in North Carolina that provides title and settlement services, with licenses in 40 states and the District of Columbia. The closing of this transaction is subject to regulatory approvals.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ESNT:
- Essent Group price target lowered to $50 from $53 at JPMorgan
- Essent Group downgraded to Equal Weight from Overweight at Barclays
- Essent Group downgraded to Neutral from Buy at Goldman Sachs
- Radian Group upgraded to Buy at BofA after recent pullback
- NMI Holdings downgraded to Neutral from Buy at BTIG