Essent Group price target raised to $67 from $61 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Essent Group to $67 from $61 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company continues to benefit from low levels of defaults and high reserve releases, which has been a theme for multiple quarters, the analyst tells investors in a research note. Essent’s new insurance written trailed some peers in the quarter, but its ROE remains healthy across the business, the firm added.