STOCK TITAN

Essent Group LTD - ESNT STOCK NEWS

Welcome to our dedicated page for Essent Group news (Ticker: ESNT), a resource for investors and traders seeking the latest updates and insights on Essent Group stock.

Essent Group Ltd (symbol: ESNT), founded in 2008 and headquartered in Hamilton, Bermuda, is a key player in the United States housing finance industry. Through its subsidiaries, Essent offers private mortgage insurance and reinsurance services for residential properties. These services include primary, pool, and master policy products that provide extensive credit protection to lenders and mortgage investors.

Essent's mortgage insurance products are designed to cover a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. This coverage helps mitigate mortgage credit risk and supports lenders in extending more mortgage financing to prospective homeowners.

The company also offers related services, including information technology maintenance and development, customer support, and contract underwriting services. These services primarily cater to the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.

Essent operates across all 50 states and the District of Columbia, providing mortgage guaranty coverage that enhances the liquidity and stability of the housing finance market. By delivering essential risk management products and title insurance and settlement services, Essent plays a vital role in promoting homeownership in the United States.

Recent achievements and ongoing projects underscore Essent's continued commitment to innovation and customer service. The company's robust financial condition, strategic partnerships, and comprehensive product offerings position it as a trusted partner for mortgage lenders, borrowers, and investors.

Rhea-AI Summary
Essent Group (NYSE: ESNT) will hold a conference call on May 3, 2024, to discuss its first quarter 2024 results. The call will be broadcast live over the Internet and can be accessed via phone. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $175.4 million for Q4 2023, up from $147.4 million in Q4 2022. Full-year net income was $696.4 million for 2023, down from $831.4 million in 2022. The Board declared a quarterly dividend of $0.28 per share. New insurance written for Q4 2023 was $8.8 billion. S&P upgraded Essent's ratings to 'A-'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
Tags
dividends earnings
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) will hold a conference call on February 9, 2024, to discuss its fourth quarter 2023 results. The call will be broadcast live over the Internet and can be accessed via dial-in numbers for both U.S. and international callers. A webcast replay will be available for one year, and a conference call replay will be available for two weeks. Additional statistical and financial information will be available on Essent's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) announced that S&P Global Ratings raised its long-term insurer financial strength and issuer credit ratings on its wholly owned subsidiaries, Essent Guaranty, Inc. and Essent Reinsurance Ltd., to 'A-' from 'BBB+', with a stable outlook. The upgrade reflects an improved view of Essent's capital adequacy, solid underwriting earnings, strong underwriting quality in its mortgage insurance portfolio, and substantial reinsurance protection.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $178.0 million or $1.66 per diluted share for Q3 2023, compared to $178.1 million or $1.66 per diluted share for Q3 2022. The company declared a quarterly cash dividend of $0.25 per common share, payable on December 11, 2023. New insurance written for Q3 2023 was $12.5 billion. Net investment income for Q3 2023 was $47.1 million, up 44% from Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
dividends earnings
-
Rhea-AI Summary
Essent Guaranty, Inc. has announced an expanded partnership with Mortgage Cadence, integrating their products and services into Mortgage Cadence's Loan Fulfillment Center platform. This integration will provide customers with streamlined access to Essent's mortgage insurance offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
Rhea-AI Summary
Essent Group Ltd. to hold conference call to discuss Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) secures $281.5 million in reinsurance coverage for mortgage insurance policies from Radnor Re 2023-1 Ltd., a Bermuda special purpose insurer, through the issuance of four classes of mortgage insurance-linked notes in an unregistered private offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $172.2 million or $1.61 per diluted share for Q2 2023, compared to $231.8 million or $2.16 per diluted share in Q2 2022. The company declared a quarterly cash dividend of $0.25 per common share, payable on September 11, 2023. New insurance written for Q2 2023 was $13.5 billion, compared to $12.9 billion in Q1 2023 and $20.1 billion in Q2 2022. Insurance in force as of June 30, 2023, was $235.6 billion. Essent successfully executed a consent and tender process on $637 million of outstanding notes. The company completed the acquisition of Agents National Title Holding Company and Boston National Holdings LLC for $92.6 million. Essent priced its 9th insurance-link note transaction, Radnor Re 2023-1, providing $281.5 million of collateralized reinsurance coverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags

FAQ

What is the current stock price of Essent Group (ESNT)?

The current stock price of Essent Group (ESNT) is $55.5 as of November 15, 2024.

What is the market cap of Essent Group (ESNT)?

The market cap of Essent Group (ESNT) is approximately 6.0B.

What services does Essent Group Ltd provide?

Essent Group Ltd provides private mortgage insurance, reinsurance, risk management products, title insurance, and settlement services.

Where is Essent Group Ltd headquartered?

Essent Group Ltd is headquartered in Hamilton, Bermuda.

When was Essent Group Ltd founded?

Essent Group Ltd was founded in 2008.

Who are the primary customers of Essent Group Ltd?

Essent Group Ltd primarily serves regulated depository institutions, mortgage banks, credit unions, and other mortgage lenders.

What geographic areas does Essent Group Ltd operate in?

Essent Group Ltd operates in all 50 states in the United States and the District of Columbia.

How does Essent Group Ltd support homeownership?

Essent Group Ltd supports homeownership by providing mortgage insurance that mitigates credit risk, allowing lenders to offer more mortgage financing.

What types of mortgage insurance products does Essent Group Ltd offer?

Essent Group Ltd offers primary, pool, and master policy mortgage insurance products.

What additional services are provided by Essent Group Ltd?

Besides mortgage insurance, Essent Group Ltd offers IT maintenance and development, customer support, and contract underwriting services.

How does Essent Group Ltd enhance the stability of the housing finance market?

Essent Group Ltd enhances market stability by providing credit protection and risk management that supports liquidity in the housing finance sector.

What is the role of Essent Group Ltd in the mortgage finance industry?

Essent Group Ltd plays a crucial role by providing insurance and financial products that help mitigate risk and support lenders and homeowners.

Essent Group LTD

NYSE:ESNT

ESNT Rankings

ESNT Stock Data

5.99B
106.21M
3.19%
95.91%
0.76%
Insurance - Specialty
Surety Insurance
Link
United States of America
HAMILTON