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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» ESNT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

ESNT Guru Trades in Q1 2016

Signature Select Canadian Fund 111,400 sh (New)
Jeremy Grantham 191,500 sh (New)
Jim Simons 610,200 sh (+95.95%)
Joel Greenblatt 12,195 sh (+15.67%)
RS Investment Management 2,689,712 sh (+0.15%)
Jerome Dodson 800,000 sh (unchged)
George Soros 1,481,278 sh (unchged)
Louis Moore Bacon Sold Out
Ron Baron Sold Out
Paul Tudor Jones Sold Out
» More
Q2 2016

ESNT Guru Trades in Q2 2016

Jeremy Grantham 387,961 sh (+102.59%)
Jim Simons 666,800 sh (+9.28%)
Jerome Dodson 800,000 sh (unchged)
George Soros 1,481,278 sh (unchged)
Joel Greenblatt 10,015 sh (-17.88%)
RS Investment Management 2,109,600 sh (-21.57%)
» More
Q3 2016

ESNT Guru Trades in Q3 2016

Paul Tudor Jones 14,848 sh (New)
Ron Baron 604,274 sh (New)
Jim Simons 841,200 sh (+26.15%)
Joel Greenblatt 10,271 sh (+2.56%)
Signature Select Canadian Fund Sold Out
George Soros Sold Out
Jeremy Grantham 290,789 sh (-25.05%)
Jerome Dodson 550,000 sh (-31.25%)
» More
Q4 2016

ESNT Guru Trades in Q4 2016

Joel Greenblatt 10,542 sh (+2.64%)
Ron Baron 597,174 sh (-1.17%)
Jerome Dodson 500,000 sh (-9.09%)
Jim Simons 721,200 sh (-14.27%)
Jeremy Grantham 238,490 sh (-17.99%)
Paul Tudor Jones 10,406 sh (-29.92%)
» More
» Details

Insider Trades

Latest Guru Trades with ESNT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Specialty Finance  
Compare:NYSE:HTH, OTCPK:FMCC, OTCPK:FNMA, NYSE:NSM, NYSE:SC, NAS:TREE, OTCPK:HMCBF, NYSE:WD, NYSE:HTGC, NYSE:GSBD, OTCPK:EQGPF, NYSE:OCN, NYSE:EFC, NYSE:PFSI, NYSE:AI, NAS:ATAX, NAS:MRLN, OTCPK:AMIVF, OTCPK:MAMTF, NAS:MRCC » details
Traded in other countries:EG0.Germany,
Essent Group Ltd provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage in the event of a default.

Essent Group Ltd was organized as a limited liability company under the laws of Bermuda on July 1, 2008. The Company is a private mortgage insurance company. The Company provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage in the event of a default. In doing so, it provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. The Company's products and services include Mortgage Insurance, Master Policy and Clarity of Coverage Endorsement, Contract Underwriting, and Triad Services. The Mortgage Insurance includes two principal types of private mortgage insurance, primary and pool. Primary Mortgage Insurance and Pool Insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Primary mortgage insurance is typically offered to customers on individual loans at the time of origination on a flow basis. Substantially all of its policies are primary mortgage insurance. Pool insurance is typically used to provide additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage, if such loan has primary coverage, as well as the total loss on a defaulted mortgage loan that did not have primary coverage. The master policy sets forth the general terms and conditions of its mortgage insurance coverage, including loan eligibility requirements, coverage term, policy administration, payment processing, and exclusions or reductions in coverage. Mortgage insurance master policies generally protect mortgage insurers from the risk of material misrepresentations and fraud in the origination of an insured loan through remedies including the right to rescind coverage. Contract Underwriting includes assessing whether data provided by the customer relating to a mortgage application complies with the customer's loan underwriting guidelines. These services are provided for loans that require private mortgage insurance, as well as for loans that do not require private mortgage insurance. Triad Services include retaining the obligation for all risks insured under its existing insurance contracts and will continue to directly manage loss mitigation and claim activity on its insured business. Its customers consist of originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions and other lenders. The Company's competitors include CMG Mortgage Insurance Company, Genworth Financial Inc., Mortgage Guaranty Insurance Corporation, National Mortgage Insurance Corporation, Radian Guaranty Inc. and United Guaranty Corporation. The Company is subject to comprehensive, detailed regulation by Federal regulators and state insurance departments.

Guru Investment Theses on Essent Group Ltd

Jerome Dodson Comments on Essent Group - Nov 01, 2016

Mortgage-insurer Essent Group (NYSE:ESNT) gained 22.0% from $21.81 to $26.61, contributing 53 basis points to the Fund’s return. The stock rallied, as the company reported a 20% increase in new insurance written and a 40% surge in earnings per share. This growth was generated by low interest rates, which caused a pick-up in mortgage originations, and a healthy housing market, which helped loan losses decline.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

Check out Jerome Dodson latest stock trades

Top Ranked Articles about Essent Group Ltd

Jerome Dodson Comments on Essent Group Guru stock highlight
Mortgage-insurer Essent Group (NYSE:ESNT) gained 22.0% from $21.81 to $26.61, contributing 53 basis points to the Fund’s return. The stock rallied, as the company reported a 20% increase in new insurance written and a 40% surge in earnings per share. This growth was generated by low interest rates, which caused a pick-up in mortgage originations, and a healthy housing market, which helped loan losses decline. Read more...
Jerome Dodson Trims Essent Group Company is close to its 3-year high in price
Guru Jerome Dodson (Trades, Portfolio) reduced his stake in the Essent Group (NYSE:ESNT), removing 250,000 shares from his portfolio at an average price of $25.34 per share during the third quarter. Dodson purchased his initial stake in the Essent Group during the fourth quarter of 2015. Since then, the company’s market price has gained an estimated 13%. Read more...

Ratios

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Forward P/E 12.38
ESNT's Forward P/E is ranked higher than
67% of the 390 Companies
in the Global Specialty Finance industry.

( Industry Median: 16.21 vs. ESNT: 12.38 )
Ranked among companies with meaningful Forward P/E only.
N/A

Buy Back

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Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $458.3
EPS (TTM) $ 2.41
Beta1.26
Short Percentage of Float2.15%
52-Week Range $18.52 - 38.10
Shares Outstanding (Mil)93.39

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 2.81 3.45
EPS w/o NRI ($) 2.81 3.45
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» More Articles for ESNT

Headlines

Articles On GuruFocus.com
Insiders Roundup: Southern National Bancorp of Virginia Tops List Jan 06 2017 
Jerome Dodson Comments on Essent Group Nov 01 2016 
Jerome Dodson Trims Essent Group Oct 19 2016 
Insider Buys and Sells of the Week Jul 10 2016 
Kyle Bass Thinks that a Nonbank Mortgage Servicer Is More Effective than Banks Mar 17 2014 
Baron Funds Comments on Essent Group Ltd. Feb 24 2014 
Bearish George Soros' 5 New Large Positions of Quarter Four Feb 20 2014 

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Essent Group beats 4Q profit forecasts Feb 10 2017
Essent Group beats 4Q profit forecasts Feb 10 2017
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Coverage initiated on Essent Group by Deutsche Bank Jan 20 2017
Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call on February 10, 2017 Jan 18 2017
Essent Group Ltd (ESNT) Chairman, CEO and President Mark Casale Sold $8.1 million of Shares Jan 04 2017
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