Bank of America Securities analyst Mihir Bhatia has maintained their bullish stance on ESNT stock, giving a Buy rating on February 19.
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Mihir Bhatia has given his Buy rating due to a combination of factors including Essent’s clear focus on compounding book value per share and disciplined capital allocation. Management’s strategy emphasizes writing only attractive-return mortgage insurance, maintaining industry-leading premium yields, and preferring share repurchases over low-return volume, which supports long-term value creation.
He also views the housing credit environment and Essent’s risk management as supportive of earnings durability, with strong capital buffers, robust underwriting tools, and no signs of credit excess. The planned, cautious entry into the Lloyd’s market and potential to benefit from future industry consolidation add incremental optional upside, while Essent’s core MI franchise is expected to remain the primary earnings engine over the next several years.
In another report released on February 19, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $69.00 price target.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESNT in relation to earlier this year.