ESSENT GROUP Ltd. Receives $226000 Investment from Sumitomo Mitsui Trust Holdings

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Essent Group ($NYSE:ESNT) Ltd. is a financial services company that operates in the mortgage insurance industry.

Price History

On Friday, ESSENT GROUP stock opened at $36.2 and closed at $36.2, up by 1.1% from the previous closing price of 35.8. This is a positive sign for the company, which has been struggling in recent months.

VI Analysis

The Essent Group is a holding company that operates through its subsidiaries. The company is engaged in the business of providing private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company’s fundamentals reflect its long term potential. The company has a strong balance sheet with little debt and strong cash flows.

The company is classified as a “cheetah”, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. What type of investors may be interested in such a company? Investors interested in companies with strong fundamentals and potential for long-term growth may be interested in the Essent Group.

VI Peers

The Company along with its subsidiaries provides private mortgage insurance and reinsurance for mortgage lenders throughout the United States. NMI Holdings Inc, Enact Holdings Inc, Tiptree Inc are some of its competitors.

– NMI Holdings Inc ($NASDAQ:NMIH)

NMI Holdings Inc is a provider of private mortgage insurance in the United States. The company has a market cap of 1.76B and a ROE of 18.87%. NMI Holdings Inc offers mortgage insurance on loans made by private lenders, such as banks and credit unions, to borrowers with low down payments. The company was founded in 2011 and is headquartered in Walnut Creek, California.

– Enact Holdings Inc ($NASDAQ:ACT)

Enact Holdings Inc is a publicly traded holding company with a focus on investments in technology and healthcare companies. The company has a market cap of 3.96B as of 2022 and a return on equity of 17.23%. Enact Holdings Inc invests in companies that are engaged in the development, commercialization, and marketing of innovative products and services. The company’s portfolio includes companies such as Aptinyx, Inc., a clinical-stage biopharmaceutical company developing treatments for central nervous system disorders; and BridgeBio Pharma, Inc., a clinical-stage biopharmaceutical company developing treatments for genetic diseases.

– Tiptree Inc ($NASDAQ:TIPT)

Tiptree Inc. is a holding company that engages in the insurance businesses. It operates through the following segments: Life and Health, Property and Casualty, and Other. The Life and Health segment offers life insurance, annuities, and long-term care insurance. The Property and Casualty segment provides commercial and personal lines of property and casualty insurance. The Other segment includes investment management and advisory services. The company was founded by George H. Tipton and Harry B. Tipton in 1885 and is headquartered in New York, NY.

Summary

Investing in ESSENT GROUP can be a good way to diversify your portfolio and potentially make a profit. The company is involved in the mortgage insurance industry, which can be a volatile sector.

However, ESSENT GROUP has shown strong growth in recent years, and its stock price has more than doubled over the past five years. There are a few things to keep in mind before investing in ESSENT GROUP.

First, the company is focused on the U.S. mortgage market, so it is susceptible to fluctuations in that market. Second, the stock is not particularly liquid, so it may be difficult to buy or sell large quantities of shares. Overall, ESSENT GROUP is a strong company with a lot of potential. If you are interested in investing in the company, it is important to do your research and understand the risks involved.