Essent traded at $61.70 this Wednesday June 24th, increasing $1.92 or 3.21 percent since the previous trading session. Looking back, over the last four weeks, Essent gained 2.14 percent. Over the last 12 months, its price rose by 2.37 percent. Looking ahead, we forecast Essent to be priced at 55.90 by the end of this quarter and at 48.88 in one year, according to Trading Economics global macro models projections and analysts expectations.
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.