Essent Group Ltd (NASDAQ: ESNT) Stocks To Watch

Essent Logo. (PRNewsFoto/Essent Group Ltd.)

Essent Group Ltd day trading at USD 36.95 per share, then rallying to 37.04 and closing at USD 35.28 per share. A net loss of -4.51% for the day. Long term pricing analysis shows the stock trading at 33.66% lower than it’s 52week high and -96.46% higher than the 52week low. The share volume traded for the day was 1,364K which was 0 times the 50 Day Average Volume.

Essent Group Ltd had a market cap of 3,966,294K as of 24th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $5.87.

Essent Group Ltd is a Bermuda-domiciled holding company. Through its subsidiaries, Essent Group serves the housing finance industry by offering mortgage insurance, reinsurance, and risk management products to mortgage lenders and investors to support homeownership.

Financial Results

Essent Group Ltd Reports First Quarter Of Fiscal 2020.

  • Insurance in force as of March 31, 2020, was $165.6 billion, compared to $164.0 billion as of December 31, 2019, and $143.2 billion as of March 31, 2019.
  • New insurance written for the first quarter was $13.5 billion, compared to $15.8 billion in the fourth quarter of 2019 and $11.0 billion in the first quarter of 2019.
  • Net premiums earned for the first quarter were $206.5 million, compared to $207.7 million in the fourth quarter of 2019 and $177.8 million in the first quarter of 2019.
  • The expense ratio for the first quarter was 20.3%, compared to 19.9% in the fourth quarter of 2019 and 23.1% in the first quarter of 2019.
  • The provision for losses and LAE for the first quarter was $8.1 million, compared to a provision of $10.9 million in the fourth quarter of 2019 and a provision of $7.1 million in the first quarter of 2019.
  • The percentage of loans in default as of March 31, 2020, was 0.83%, compared to 0.85% as of December 31, 2019, and 0.65% as of March 31, 2019.
  • The combined ratio for the first quarter was 24.2%, compared to 25.1% in the fourth quarter of 2019 and 27.1% in the first quarter of 2019.
  • Other income for the first quarter includes a $4.2 million loss for the change in the fair value of embedded derivatives in certain of our third-party reinsurance agreements, compared to a loss of $3.6 million in the fourth quarter of 2019 and a gain of $1.4 million in the first quarter of 2019.
  • The consolidated balance of cash and investments on March 31, 2020, was $3.8 billion, including cash and investment balances at Essent Group Ltd. of $279.8 million.

Essent Group Ltd (24th June 2020): The Institutional Ownership as of today stood at 81.89% and the Total Value of Holdings (millions) is $ $ 3,489

New Institutional Holders and other activity – As of today, the total number of shares held is, 92,059,669 by 334 institutional holders.

LATEST NEWS:

17-June-2020:- Massachusetts Financial Services Co. MA Acquires 11,339 Shares of Essent Group Ltd (NYSE: ESNT)

Massachusetts Financial Services Co. MA increased its position in shares of Essent Group Ltd (NYSE: ESNT) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,639 shares of the financial services provider’s stock after buying an additional 11,339 shares during the period.

17 -June-2020:- Parametric Portfolio Associates LLC Has $8.97 Million Stock Position in Essent Group Ltd (NYSE: ESNT)

Parametric Portfolio Associates LLC increased its stake in shares of Essent Group Ltd (NYSE: ESNT) by 96.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 340,341 shares of the financial services provider’s stock after purchasing an additional 166,755 shares during the quarter.

15-June-2020:- Alyeska Investment Group L.P. Sells 90,720 Shares of Essent Group Ltd (NYSE: ESNT)

Alyeska Investment Group L.P. cut its holdings in shares of Essent Group Ltd (NYSE: ESNT) by 22.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,249 shares of the financial services provider’s stock after selling 90,720 shares during the period.

 

 

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