In last trading session, Essent Group Ltd. (NYSE:ESNT) saw 800,212 shares changing hands with its beta currently measuring 1.5. Company’s recent per share price level of $36.71 trading at $1.4 or 4.05% at ring of the bell on the day assigns it a market valuation of $4.13 Billion. That closing price of ESNT’s stock is at a discount of -52.11% from its 52-week high price of $55.84 and is indicating a premium of 52.27% from its 52-week low price of $17.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.43 Million shares which gives us an average trading volume of 1.99 Million if we extend that period to 3-months.
Essent Group Ltd. (NYSE:ESNT) trade information
Upright in the green today for gaining 4.05%, in the last five days ESNT remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $38.83- price level, adding 5.46% to its value on the day. Essent Group Ltd.’s shares saw a change of -29.39% in year-to-date performance and have moved 0.38% in past 5-day. Essent Group Ltd. (NYSE:ESNT) showed a performance of 21.84% in past 30-days. Number of shares sold short was 3.89 Million shares which calculate 1.95 days to cover the short interests.
Essent Group Ltd. (ESNT) estimates and forecasts
Statistics highlight that Essent Group Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -29.98% of value to its shares in past 6 months, showing an annual growth rate of -30.92% while that of industry is -5.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -57.6% in the current quarter and calculating -45.6% decline in the next quarter. This year revenue growth is estimated to rise 4.6% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $224.62 Million for the same. And 8 analysts are in estimates of company making revenue of $226.58 Million in the next quarter that will end in September 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 40.5% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 18.6% while estimates for its earnings growth in next 5 years are of 6.87%
Essent Group Ltd. is more likely to be releasing its next quarterly report between July 31 and August 04, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.81%, the share has a forward dividend of 0.64 which implies that company’s dividend yield remained growing in trailing twelve months.
Essent Group Ltd. (NYSE:ESNT)’s Major holders
Insiders are in possession of 2.62% of company’s total shares while institution are holding 96.04% percent of that, with stock having share float percentage of 98.63%. Investors also watch the number of corporate investors in a company very closely, which is 420 institutions for Essent Group Ltd. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ESNT for having 9.27 Million shares of worth $244.17 Million. And as of March 30, 2020, it was holding 8.25% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 8.35 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.43% of outstanding shares, having a total worth of $220.03 Million.
On the other hand, Smallcap World Fund and Amcap Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2019, the former fund manager was holding 3512535 shares of worth $182.62 Million or 3.12% of the total outstanding shares. The later fund manager was in possession of 2.87 Million shares on December 30, 2019, making its stake of worth around $148.96 Million in the company or a holder of 2.55% of company’s stock.