Economy

Deutsche Bank AG Increases Essent Group Ltd. (ESNT) Price Target to $49.00

Following the sale, the vice president now owns 28,785 shares of the company's stock, valued at $1,120,024.35. Looking back over the last month, shares have performed 5.02%. About 145,312 shares traded. It has outperformed by 15.56% the S&P500. Keefe, Bruyette & Woods reiterated a "buy" rating and issued a $44.00 price target on shares of Essent Group in a research report on Thursday, October 12th. Therefore 78% are positive. Finally, JPMorgan Chase & Co. raised their target price on shares of Essent Group from $26.50 to $29.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. Deutsche Bank AG lifted their price target on Essent Group from $48.00 to $49.00 and gave the company a "buy" rating in a research note on Wednesday, October 25th.

In related news, SVP Mary Lourdes Gibbons sold 4,600 shares of Essent Group stock in a transaction that occurred on Monday, August 7th. The company was downgraded on Tuesday, December 6 by BTIG Research. Sell-side analyst recommendations point to a short term price target of $44.9 on the company shares.

In other news, VP David B. Weinstock sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 14th. Wood upgraded the shares of ESNT in report on Wednesday, August 23 to "Outperform" rating. The firm has "Buy" rating by Deutsche Bank given on Tuesday, August 8. Its subsidiaries include Essent Agency (Bermuda) Ltd and Essent Reinsurance Ltd (Essent Re).

Investors sentiment increased to 1.36 in 2017 Q2. Its down 0.02, from 0.97 in 2017Q1. (NYSE:FSM) shares ended at $4.33 with 0.84 mln shares exchanging hands. 32 funds opened positions while 81 raised stakes. The Spark Investment Management Llc holds 126,000 shares with $863,000 value, down from 245,100 last quarter. Westfield Capital Management Limited Partnership has invested 0.31% of its portfolio in Essent Group Ltd (NYSE:ESNT). Parkside Fin Commercial Bank & Tru accumulated 0.02% or 1,140 shares. Agf Invests America Incorporated holds 3.26% in Roper Technologies Inc (NYSE:ROP) or 35,892 shares. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Essent Group by 10.1% during the 2nd quarter. It also reduced its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 422 shares in the quarter, leaving it with 12,483 shares, and cut its stake in Thor Inds Inc (NYSE:THO). Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.78% invested in Roper Technologies Inc (NYSE:ROP).

Several analysts have issued reports on the company. The rating was upgraded by Wood on Wednesday, August 23 to "Outperform". The stock of McKesson Corporation (NYSE:MCK) has "Neutral" rating given on Monday, September 26 by Mizuho. The rating was maintained by Barclays Capital with "Overweight" on Monday, August 7. The firm earned "Neutral" rating on Monday, May 2 by Credit Suisse. The stock has a market cap of $4,116.05, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The company's market cap is $4.28 Billion, and the average volume is $860.43 Million. As per Friday, November 3, the company rating was downgraded by Deutsche Bank.

Shares are trading at $44.50 impressively higher than $39.96, the 50 day moving average and quite a bit above the 200 day moving average of $38.11. It is negative, as 36 investors sold ROP shares while 202 reduced holdings. Following the completion of the transaction, the chief financial officer now directly owns 265,167 shares of the company's stock, valued at approximately $11,935,166.67.

Advisory Services Network Llc, which manages about $620.88M and $767.28M US Long portfolio, decreased its stake in Snap On Inc Com (NYSE:SNA) by 2,051 shares to 441 shares, valued at $70,000 in 2017Q2, according to the filing.

Essent Group Ltd., launched on July 1, 2008, is a private mortgage insurance company.

Investors sentiment increased to 1.69 in Q2 2017. Its up 0.10, from 1.26 in 2017Q1. The Texas-based Hbk Investments LP has invested 0% in Essent Group Ltd (NYSE:ESNT). 62 funds opened positions while 162 raised stakes.

Investors are more bullish on Essent Group Ltd. recently at least if you consider the motion in short interest. State Teachers Retirement Systems stated it has 0% of its portfolio in Essent Group Ltd (NYSE:ESNT). Burney reported 0.02% of its portfolio in Roper Technologies Inc (NYSE:ROP). Corporate insiders own 20.70% of the company's stock.

ESNT has been the subject of several recent analyst reports. Icon Advisers holds 0.17% or 66,100 shares.

Heading into the earnings release, covering analysts have a consensus target price of $45.00 on Essent Group Ltd. shares. Duncker Streett & Communication has invested 0.22% in Roper Technologies Inc (NYSE:ROP).



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