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Essent Group Ltd - ESNT STOCK NEWS

Welcome to our dedicated news page for Essent Group (Ticker: ESNT), a resource for investors and traders seeking the latest updates and insights on Essent Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Essent Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Essent Group's position in the market.

Rhea-AI Summary
Essent Group (NYSE: ESNT) will hold a conference call on May 3, 2024, to discuss its first quarter 2024 results. The call will be broadcast live over the Internet and can be accessed via phone. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $175.4 million for Q4 2023, up from $147.4 million in Q4 2022. Full-year net income was $696.4 million for 2023, down from $831.4 million in 2022. The Board declared a quarterly dividend of $0.28 per share. New insurance written for Q4 2023 was $8.8 billion. S&P upgraded Essent's ratings to 'A-'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
Tags
dividends earnings
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Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) will hold a conference call on February 9, 2024, to discuss its fourth quarter 2023 results. The call will be broadcast live over the Internet and can be accessed via dial-in numbers for both U.S. and international callers. A webcast replay will be available for one year, and a conference call replay will be available for two weeks. Additional statistical and financial information will be available on Essent's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) announced that S&P Global Ratings raised its long-term insurer financial strength and issuer credit ratings on its wholly owned subsidiaries, Essent Guaranty, Inc. and Essent Reinsurance Ltd., to 'A-' from 'BBB+', with a stable outlook. The upgrade reflects an improved view of Essent's capital adequacy, solid underwriting earnings, strong underwriting quality in its mortgage insurance portfolio, and substantial reinsurance protection.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
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Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $178.0 million or $1.66 per diluted share for Q3 2023, compared to $178.1 million or $1.66 per diluted share for Q3 2022. The company declared a quarterly cash dividend of $0.25 per common share, payable on December 11, 2023. New insurance written for Q3 2023 was $12.5 billion. Net investment income for Q3 2023 was $47.1 million, up 44% from Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
dividends earnings
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Rhea-AI Summary
Essent Guaranty, Inc. has announced an expanded partnership with Mortgage Cadence, integrating their products and services into Mortgage Cadence's Loan Fulfillment Center platform. This integration will provide customers with streamlined access to Essent's mortgage insurance offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
Rhea-AI Summary
Essent Group Ltd. to hold conference call to discuss Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) secures $281.5 million in reinsurance coverage for mortgage insurance policies from Radnor Re 2023-1 Ltd., a Bermuda special purpose insurer, through the issuance of four classes of mortgage insurance-linked notes in an unregistered private offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none
-
Rhea-AI Summary
Essent Group Ltd. (NYSE: ESNT) reported net income of $172.2 million or $1.61 per diluted share for Q2 2023, compared to $231.8 million or $2.16 per diluted share in Q2 2022. The company declared a quarterly cash dividend of $0.25 per common share, payable on September 11, 2023. New insurance written for Q2 2023 was $13.5 billion, compared to $12.9 billion in Q1 2023 and $20.1 billion in Q2 2022. Insurance in force as of June 30, 2023, was $235.6 billion. Essent successfully executed a consent and tender process on $637 million of outstanding notes. The company completed the acquisition of Agents National Title Holding Company and Boston National Holdings LLC for $92.6 million. Essent priced its 9th insurance-link note transaction, Radnor Re 2023-1, providing $281.5 million of collateralized reinsurance coverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
Essent Group Ltd

NYSE:ESNT

ESNT Rankings

ESNT Stock Data

5.73B
103.39M
3.18%
95.89%
0.97%
Savings Institutions
Finance and Insurance
Link
Bermuda
2 Church Street

About ESNT

essent group ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the united states. its mortgage insurance products include primary, pool, and master policy. the company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. it serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. the company was founded in 2008 and is based in hamilton, bermuda.