|Over a week ago|
Essent Group downgraded to Market Perform from Outperform at Keefe Bruyette » 04:4806/0906/09/20
Keefe Bruyette analyst…
Keefe Bruyette analyst Bose George downgraded Essent Group to Market Perform from Outperform with a $40 price target. The analyst downgraded the mortgage insurance sector on valuation. While the sector is still down for the year, all four names have more than doubled from their April lows, George tells investors in a research note. Further, while the industry is currently very well capitalized, an increase in delinquency rates next year after the FEMA disaster designation period ends could again raise questions about capital adequacy, adds the analyst.
|Over a month ago|
Essent Group price target raised to $38 from $32 at Credit Suisse » 07:3706/0306/03/20
Credit Suisse analyst…
Credit Suisse analyst Douglas Harter raised the firm's price target on Essent Group to $38 from $32 to reflect better-than-expected credit trends that have resulted in smaller-than-expected delinquencies. The analyst keeps a Neutral rating on the shares.
Essent Group price target lowered to $48 from $56 at Susquehanna » 08:5106/0106/01/20
Susquehanna analyst Jack…
Susquehanna analyst Jack Micenko lowered the firm's price target on Essent Group to $48 from $56 and keeps a Positive rating on the shares. The analyst noted its addition to the S&P 400 and its secondary offering that will be used to bolster the balance sheet, improve liquidity, and potentially reduce outstanding draws on the company's line of credit. He also said May delinquencies are in-line with his estimates.
B. Riley FBR upgrades Radian on better forbearance data trends » 08:1506/0106/01/20
RDN, ESNT, MTG, NMIH
B. Riley FBR analyst…
B. Riley FBR analyst Randy Binner upgraded Radian Group (RDN) to Buy from Neutral with a price target of $20, up from $16. Given better forbearance data trends, increased confidence on PMIERs delinquency reporting, and the mapping out of downside scenarios provided by Essent Group (ESNT), the analyst raised price targets in the mortgage space. The analyst had been Neutral on Radian given uncertainties around mortgage insurers, but he now expects the company to return to book value in a similar manner to MGIC Investment (MTG). Binner also increased the firm's price target on Buy-rated NMI Holdings (NMIH) to $18 from $17 and Buy-rated MGIC to $13 from $12.
Essent Group to replace Patterson-UTI in S&P 400 at open on 6/1 04:5506/0106/01/20
Essent Group 12M share Secondary priced at $33.25 » 06:3505/2905/29/20
The deal size was…
The deal size was increased to 12M shares of common stock from 11M shares of common stock. Goldman Sachs and JPMorgan acted as joint book running managers for the offering.
Essent Group announces offering of 11M common shares » 07:1205/2805/28/20
Goldman Sachs and J.P.…
Goldman Sachs and J.P. Morgan Securities are acting as joint book running managers for the offering.
Fly Intel: After-Hours Movers » 18:2405/2605/26/20
STNE, OOMA, TSCO, HEI, CHRS, ESNT, PTEN, JACK, IDXX, BMY, VSAT, KEYS, SBLK, RPAY, FVRR
Check out this evening's…
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices » 18:1905/2605/26/20
CHRS, OPB, PPBI, ESNT, PTEN, NE
S&P Dow Jones Indices…
S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, June 1: Coherus BioSciences (CHRS) will replace Opus Bank (OPB) in the S&P SmallCap 600. Pacific Premier Bancorp (PPBI) is acquiring Opus Bank in a transaction expected to be completed soon pending final conditions. Essent Group (ESNT) will replace Patterson-UTI Energy (PTEN) in the S&P MidCap 400, and Patterson-UTI Energy will replace Noble Corporation (NE) in the S&P SmallCap 600. Noble is no longer representative of the small-cap market space.
Essent Group to replace Patterson-UTI in S&P 400 at open on 6/1 17:2205/2605/26/20