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Essent Group Ltd

Essent Group Ltd

Essent Group Ltd. is a holding company, based in Bermuda, that plays a specialised role in the US housing finance system. Through its subsidiaries, it primarily offers private mortgage insurance (PMI) and reinsurance. This insurance protects mortgage lenders and investors from losses if a borrower defaults on their home loan, which is particularly relevant for mortgages with a lower down payment. Its main subsidiary, Essent Guaranty, Inc., is a key provider in the US market. The company also engages in reinsurance through Essent Reinsurance Ltd. and provides some contract underwriting services. For investors, Essent represents a focused play on the health of the US housing market and the ongoing need for credit risk management. The company's performance is often tied to employment trends, home price appreciation, and the overall volume of mortgage lending. As with any financial company, its value can rise as well as fall.

Stock Performance Snapshot

Buy

Analyst Rating

Analysts recommend buying Essent Group's stock with a target price of $62, indicating growth potential.

Above Average

Financial Health

Essent Group Ltd is showing strong revenue and cash flow, indicating solid financial performance.

Average

Dividend

Essent Group Ltd's dividend yield of 1.95% is reasonable for investors seeking some income. If you invested $1000 you would be paid $19.50 a year in dividends (based on the last 12 months).

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

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Why You’ll Want to Watch This Stock

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A Role in the Housing Market

Essent provides a crucial service within the US housing market, helping manage risk for lenders. This position may offer opportunities, though it is also heavily linked to the performance of the property sector.

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A Look at Financials

The company has demonstrated an ability to generate significant earnings from its operations. While strong financials can be a positive sign, it's important to remember that past performance is not a reliable indicator of future results.

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Analyst Perspectives

Some market analysts hold a positive outlook for the company's stock. It's useful to consider expert views, but they are not a substitute for your own research and don't guarantee returns.

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