Keefe Bruyette lowered the firm’s price target on Essent Group (ESNT) to $71 from $72 and keeps an Outperform rating on the shares. Management’s commentary on the earnings call suggests that the delinquency uptick in Q4 was a result of expected portfolio seasoning, seasonality, and the impact from the late-2024 hurricanes, the analyst tells investors in a research note.
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