Goldman Sachs analyst Ryan Nash maintains $Essent (ESNT.US)$ with a hold rating, and adjusts the target price from $56 to $60.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 11.5% 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 modestly reduced, reflecting a higher projected default rate. It is anticipated that reserve releases will persist, bolstered by the continuation of robust cure trends.
Although Essent Group's third-quarter results didn't meet expectations, they revealed robust fundamentals within the company. The period was characterized 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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