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:
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, 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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