Barclays analyst Terry Ma maintains $Essent (ESNT.US)$ with a buy rating, and maintains the target price at $69.
According to TipRanks data, the analyst has a success rate of 54.9% and a total average return of 0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Essent (ESNT.US)$'s main analysts recently are as follows:
After the Q3 results, expectations were slightly reduced to account for an anticipated increase in the default rate going forward. It is still expected that reserve releases will occur, and it is believed that the robust trend of recoveries will persist in providing support.
Essent Group's third-quarter results, despite falling short of earnings expectations, displayed robust fundamentals throughout the company. The period was marked by highly profitable combined ratios, significant reserve releases, and elevated levels of persistency, with volumes slightly surpassing expectations.
Note:
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