Essent Group Stock Fair Value – Florida Retirement System Increases Stake in Essent Group Ltd.
May 17, 2023
Trending News 🌥️
The State Board of Administration of Florida Retirement System has recently announced that it has increased its stake in Essent Group ($NYSE:ESNT) Ltd. shares. It is listed on the New York Stock Exchange and is one of the largest mortgage insurers in the US. Essent Group Ltd. is committed to providing homeowners with more security by improving the quality of risk management, mitigating losses and protecting lenders from default.
In addition, the company has invested in innovative products and services that provide customers with greater access to capital, allowing them to purchase or refinance their homes. This increased stake will help ensure that Florida Retirement System members have access to safe and secure investments, as well as to high-yield returns that can help them meet their retirement goals.
Share Price
On Monday, the Florida Retirement System announced that it had increased its stake in Essent Group Ltd, a provider of private mortgage insurance in the United States. Following the announcement, ESSENT GROUP’s stock opened at $43.4 and closed at $44.2, up by 2.1% from its previous closing price of 43.3. This is a sign of investor confidence in the company and its ability to deliver returns. With the increasing demand for mortgage insurance, Essent Group has established itself as a leader in the industry and is well-positioned for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Essent Group. More…
| Total Revenues | Net Income | Net Margin |
| 991.19 | 728.01 | 73.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Essent Group. More…
| Operations | Investing | Financing |
| 588.82 | -398.87 | -190.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Essent Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.93k | 1.28k | 43.18 |
Key Ratios Snapshot
Some of the financial key ratios for Essent Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | – | 88.9% |
| FCF Margin | ROE | ROA |
| 59.0% | 12.1% | 9.3% |
Analysis – Essent Group Stock Fair Value
At GoodWhale, we recently conducted a review of the wellness of ESSENT GROUP. After thorough analysis, our proprietary Valuation Line allowed us to determine the intrinsic value of ESSENT GROUP share to be around $44.1. We found that ESSENT GROUP stock is currently being traded at $44.2, which we believe to be fair. All in all, our findings suggest that ESSENT GROUP is in a good state and is likely to continue to be a reliable investment going forward. More…
Peers
The Company along with its subsidiaries provides private mortgage insurance and reinsurance for mortgage lenders throughout the United States. NMI Holdings Inc, Enact Holdings Inc, Tiptree Inc are some of its competitors.
– NMI Holdings Inc ($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
Essent Group Ltd. has seen its stock holdings lifted by the State Board of Administration of Florida Retirement System, indicating a positive sentiment toward the company. Analysts are predicting growth in the company’s stock price due to strong financial performance and a well-diversified portfolio. The company has reported a steady increase in net income and positive cash flows over the past few years, making it an attractive option for investors.
Additionally, Essent has a strong capital base and strong balance sheet, providing investors with confidence in their investments. Furthermore, the company is well-positioned to benefit from a low-interest rate environment, which should further fuel its growth. Overall, Essent Group is a promising investment opportunity for investors seeking long-term returns.
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