tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Essent Group price target raised to $69 from $62 at Compass Point

Compass Point analyst Giuliano Bologna raised the firm’s price target on Essent Group (ESNT) to $69 from $62 and keeps a Buy rating on the shares. The firm updating models, estimates and price targets for the mortgage insurance sector post Q1 earnings. With higher mortgage rates, recently rising to 7.00%, industry growth “will remain muted” through fiscal 2026 and potentially into 2026, the analyst tells investors in a research note. The firm believes this should sustain the trend of low single-digit insurance-in-force growth across the sector, thereby adding pressure and limiting organic earnings growth despite continued capital return strategies and share repurchases.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1