J.P. Morgan analyst Richard Shane maintains $Essent (ESNT.US)$ with a hold rating, and adjusts the target price from $68 to $67.
According to TipRanks data, the analyst has a success rate of 65.5% and a total average return of 11.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Essent (ESNT.US)$'s main analysts recently are as follows:
Following the Q3 results, estimates were adjusted slightly to account for an anticipated higher default rate in the future. The expectation is to continue seeing reserve releases, and it is believed that the robust cure trends will persist in offering support.
Essent Group's third-quarter results, while falling short of earnings expectations, displayed robust fundamentals throughout the company. This was evidenced by highly profitable combined ratios, significant reserve releases, and strong persistency levels. Additionally, the volume was somewhat more favorable than anticipated.
Note:
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