MGIC: Mortgage Insurers Sobering Up [Seeking Alpha]
Essent Group Ltd. Common Shares (ESNT)
Last essent group ltd. common shares earnings: 2/14 06:30 am
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US:NYSE Investor Relations:
ir.essentgroup.com/investors/default.aspx
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Source: Seeking Alpha
SummaryThe pandemic obviously changes the mortgage insurers' (MGIC, Radian, Essent and NMI) story materially.To get a handle on new reasonable price targets, I employ a New Age valuation tool - price/revenues.Based on this tool, mortgage insurer valuations are way down from my pre-pandemic view.I’ve been a big fan, and big owner of mortgage insurance stocks MGIC (MTGRDNESNTNMIH$25 price targetThen came the pandemic. Throw out the $25 price target and start all over again.My last pieceApplying a New Age valuation tool to a traditional businessWe buy stocks to get access to their earnings, so using a price/earnings ratio is the standard valuation tool. But in the New Age, some companies are willing and even eager to delay earnings to pursue revenue growth and market share. These companies are therefore often valued on a price/sales ratio.The mortgage insurers are going to be in the same boat as the New Age companies for a few years. Their revenues will be reasonably predictable, but los
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ESNT
News
- Earnings Miss: Essent Group Ltd. Missed EPS By 5.1% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Essent Group Ltd. (NYSE: ESNT) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $68.00 to $60.00. They now have a "neutral" rating on the stock.MarketBeat
- Essent stock's earnings-induced drop 'way overdone': Roth MKM [Seeking Alpha]Seeking Alpha
- Essent Group Ltd. (NYSE: ESNT) had its price target lowered by analysts at Royal Bank of Canada from $73.00 to $67.00. They now have an "outperform" rating on the stock.MarketBeat
- Essent Group Ltd. (NYSE: ESNT) had its price target lowered by analysts at JPMorgan Chase & Co. from $68.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
ESNT
Earnings
- 11/1/24 - Miss
ESNT
Sec Filings
- 11/5/24 - Form 10-Q
- 11/1/24 - Form 8-K
- 9/23/24 - Form 4
- ESNT's page on the SEC website