Essent (ESNT)
Market Price (10/4/2026): $60.18 | Market Cap: $5.5 BilSector: Financials | Industry: Commercial & Residential Mortgage Finance
Essent (ESNT)
Market Price (10/4/2026): $60.18Market Cap: $5.5 BilSector: FinancialsIndustry: Commercial & Residential Mortgage Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 15% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -105% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 62%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62% Stock buyback supportStock Buyback 3Y Total is 1.1 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Financial System Resilience. Themes include Mortgage Credit Risk Management, and Housing Market Stability. | Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -49% | Key risksESNT key risks include [1] adverse changes to its essential partners Fannie Mae and Freddie Mac (the GSEs), Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 15% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -105% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 62%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62% |
| Stock buyback supportStock Buyback 3Y Total is 1.1 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Financial System Resilience. Themes include Mortgage Credit Risk Management, and Housing Market Stability. |
| Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -49% |
| Key risksESNT key risks include [1] adverse changes to its essential partners Fannie Mae and Freddie Mac (the GSEs), Show more. |
Qualitative Assessment
AI Analysis | Feedback
Essent (ESNT) stock has lost about 10% since 6/30/2026 because of the following key factors:
1. Macroeconomic headwinds from rising interest rates impacted the broader mortgage insurance sector. Higher interest rates typically increase mortgage costs, which can lead to reduced home-buying activity and elevated default risks, directly affecting mortgage insurers like Essent. This macroeconomic concern contributed to a sector-wide selloff and a 12-session losing streak for Essent's stock, resulting in a 15.8% cumulative decline by September 30, 2026, and reducing its market value by approximately $988 million.
2. Increased loss provisions and a higher mortgage insurance loss ratio signaled growing loan pressure. For fiscal Q2 2026, Essent reported an increase in loss provisions to $48.96 million. Concurrently, the mortgage insurance loss ratio rose to 13.6% in fiscal Q2 2026, compared to 7% in the same period a year prior, indicating heightened pressure from delayed loans.
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Essent (ESNT) stock has lost about 10% since 6/30/2026 because of the following key factors:
1. Macroeconomic headwinds from rising interest rates impacted the broader mortgage insurance sector. Higher interest rates typically increase mortgage costs, which can lead to reduced home-buying activity and elevated default risks, directly affecting mortgage insurers like Essent. This macroeconomic concern contributed to a sector-wide selloff and a 12-session losing streak for Essent's stock, resulting in a 15.8% cumulative decline by September 30, 2026, and reducing its market value by approximately $988 million.
2. Increased loss provisions and a higher mortgage insurance loss ratio signaled growing loan pressure. For fiscal Q2 2026, Essent reported an increase in loss provisions to $48.96 million. Concurrently, the mortgage insurance loss ratio rose to 13.6% in fiscal Q2 2026, compared to 7% in the same period a year prior, indicating heightened pressure from delayed loans.
3. Decreased profitability and increased risk were observed from reinsurance expansion. While Essent's fiscal Q2 2026 earnings per share (EPS) of $2.08 exceeded analyst expectations, net income for the quarter decreased to $189.7 million from $195.3 million in fiscal Q2 2025. The company's profit margin also declined to 52% from 61% year-over-year due to higher expenses. Furthermore, the reinsurance segment's combined ratio significantly jumped to 74.6% in the first half of fiscal 2026, from 18.1% in the first half of fiscal 2025, reflecting increased insurance risk and reduced profitability associated with its expansion into property and casualty reinsurance.
4. Significant insider selling activity occurred during the period. In the last three months (fiscal Q3 2026), corporate insiders at Essent sold approximately 100,720 shares of company stock, valued at roughly $6.9 million. Across the past year, total insider selling activity amounted to $16.8 million, with no insider purchases reported.
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Stock Movement Drivers
Fundamental Drivers
The -8.0% change in ESNT stock from 6/30/2026 to 10/1/2026 was primarily driven by a -10.2% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 63.95 | 58.86 | -8.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,293 | 1,337 | 3.4% |
| Net Income Margin (%) | 53.1% | 50.9% | -4.1% |
| P/E Multiple | 8.7 | 7.8 | -10.2% |
| Shares Outstanding (Mil) | 94 | 91 | 3.4% |
| Cumulative Contribution | -8.0% |
Market Drivers
6/30/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| ESNT | -8.0% | |
| Market (SPY) | 2.3% | -0.7% |
| Sector (XLF) | -0.3% | 27.9% |
Fundamental Drivers
The 1.8% change in ESNT stock from 3/31/2026 to 10/1/2026 was primarily driven by a 5.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.79 | 58.86 | 1.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,275 | 1,337 | 4.9% |
| Net Income Margin (%) | 54.1% | 50.9% | -5.9% |
| P/E Multiple | 8.0 | 7.8 | -2.2% |
| Shares Outstanding (Mil) | 96 | 91 | 5.5% |
| Cumulative Contribution | 1.8% |
Market Drivers
3/31/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| ESNT | 1.8% | |
| Market (SPY) | 17.8% | -5.0% |
| Sector (XLF) | 8.7% | 34.2% |
Fundamental Drivers
The -5.3% change in ESNT stock from 9/30/2025 to 10/1/2026 was primarily driven by a -9.8% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 62.16 | 58.86 | -5.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,281 | 1,337 | 4.3% |
| Net Income Margin (%) | 55.8% | 50.9% | -8.7% |
| P/E Multiple | 8.7 | 7.8 | -9.8% |
| Shares Outstanding (Mil) | 100 | 91 | 10.2% |
| Cumulative Contribution | -5.3% |
Market Drivers
9/30/2025 to 10/1/2026| Return | Correlation | |
|---|---|---|
| ESNT | -5.3% | |
| Market (SPY) | 15.6% | 1.1% |
| Sector (XLF) | 0.4% | 37.5% |
Fundamental Drivers
The 32.5% change in ESNT stock from 9/30/2023 to 10/1/2026 was primarily driven by a 30.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.41 | 58.86 | 32.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,026 | 1,337 | 30.3% |
| Net Income Margin (%) | 65.2% | 50.9% | -21.9% |
| P/E Multiple | 7.1 | 7.8 | 11.1% |
| Shares Outstanding (Mil) | 106 | 91 | 17.1% |
| Cumulative Contribution | 32.5% |
Market Drivers
9/30/2023 to 10/1/2026| Return | Correlation | |
|---|---|---|
| ESNT | 32.5% | |
| Market (SPY) | 84.9% | 33.3% |
| Sector (XLF) | 68.2% | 55.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ESNT Return | 7% | -13% | 39% | 5% | 22% | -9% | 51% |
| Peers Return | 14% | 13% | 38% | 19% | 17% | -5% | 133% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| ESNT Win Rate | 50% | 42% | 67% | 42% | 67% | 44% | |
| Peers Win Rate | 58% | 58% | 71% | 62% | 65% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ESNT Max Drawdown | -21% | -29% | -17% | -18% | -10% | -17% | |
| Peers Max Drawdown | -18% | -23% | -14% | -15% | -13% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTG, ACT, RDN, ACGL, NMIH. See ESNT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/1/2026 (YTD)
How Low Can It Go
| Event | ESNT | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.9% | -6.7% |
| % Gain to Breakeven | 17.5% | 7.1% |
| Time to Breakeven | 53 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.8% | -24.5% |
| % Gain to Breakeven | 29.5% | 32.4% |
| Time to Breakeven | 232 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.6% | -33.7% |
| % Gain to Breakeven | 141.3% | 50.9% |
| Time to Breakeven | 295 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.3% | -19.2% |
| % Gain to Breakeven | 39.5% | 23.8% |
| Time to Breakeven | 53 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -41.5% | -12.2% |
| % Gain to Breakeven | 70.9% | 13.9% |
| Time to Breakeven | 273 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -20.9% | -6.8% |
| % Gain to Breakeven | 26.5% | 7.3% |
| Time to Breakeven | 79 days | 15 days |
In The Past
Essent's stock fell -4.9% during the 2025 US Tariff Shock. Such a loss loss requires a 5.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | ESNT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.8% | -24.5% |
| % Gain to Breakeven | 29.5% | 32.4% |
| Time to Breakeven | 232 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.6% | -33.7% |
| % Gain to Breakeven | 141.3% | 50.9% |
| Time to Breakeven | 295 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.3% | -19.2% |
| % Gain to Breakeven | 39.5% | 23.8% |
| Time to Breakeven | 53 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -41.5% | -12.2% |
| % Gain to Breakeven | 70.9% | 13.9% |
| Time to Breakeven | 273 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -20.9% | -6.8% |
| % Gain to Breakeven | 26.5% | 7.3% |
| Time to Breakeven | 79 days | 15 days |
In The Past
Essent's stock fell -4.9% during the 2025 US Tariff Shock. Such a loss loss requires a 5.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Essent (ESNT)
Essent Group Ltd. (ESNT) is a Bermuda-based company that primarily operates within the United States residential mortgage market. Founded in 2008, its core business revolves around providing private mortgage insurance and reinsurance. Essentially, Essent helps protect lenders from potential financial losses if borrowers default on mortgages secured by residential properties.
The company offers a range of mortgage insurance products, including primary, pool, and master policies, which are critical tools for risk management for mortgage originators. In addition to these insurance offerings, Essent provides supplementary services. These include information technology maintenance and development, customer support, underwriting consulting, and contract underwriting services, further supporting its clients in the mortgage lending ecosystem.
Essent's primary customers are the originators of residential mortgage loans in the United States. This includes a broad spectrum of financial institutions such as regulated depository institutions, mortgage banks, credit unions, and various other lenders. By providing essential risk mitigation and support services, Essent plays a vital role in enabling these institutions to confidently and securely operate in the U.S. housing finance market.
```AI Analysis | Feedback
Essent is like Chubb for mortgage lenders, insuring them against borrower defaults.
Think of Essent as a private sector Fannie Mae focused on insuring banks' mortgage loans.
AI Analysis | Feedback
- Mortgage Insurance: Provides private mortgage insurance and reinsurance (including primary, pool, and master policies) to protect lenders against financial losses from mortgage defaults on residential properties.
- Information Technology Services: Offers maintenance and development services related to information technology.
- Customer Support Services: Provides services focused on customer assistance and support.
- Underwriting Consulting: Delivers advisory services pertaining to mortgage underwriting processes.
- Contract Underwriting Services: Offers outsourced underwriting services for residential mortgage loans on a contractual basis.
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- Regulated depository institutions
- Mortgage banks
- Credit unions
- Other lenders
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Mark A. Casale, CEO & Chairman
Mr. Casale is the founder, Chief Executive Officer, and Chairman of the Board of Directors of Essent Group Ltd.. He has over 25 years of experience in financial services, including senior roles in mortgage banking, mortgage insurance, bond insurance, and capital markets. Mr. Casale founded Essent Group Ltd. in 2008 with $500 million of equity funding. Under his leadership, Essent has grown significantly and manages approximately $240 billion of insurance in force.
David Weinstock, Senior Vice President, Chief Financial Officer
Mr. Weinstock was appointed Chief Financial Officer in March 2023, after serving as interim Chief Financial Officer since June 2022, and as Vice President and Chief Accounting Officer since 2009. He brings over 25 years of experience in finance, accounting, and controls. Before joining Essent, Mr. Weinstock held senior management positions at Advanta Corp., including chief accounting officer and vice president of investor relations. He began his career as a senior manager at Arthur Andersen LLP.
Christopher G. Curran, President, Essent Guaranty, Inc.
Mr. Curran has served as President of Essent Guaranty since 2021, having previously been Senior Vice President of Corporate Development since 2011. He has over 30 years of experience in mortgage insurance, mortgage banking, and financial services. As President, Mr. Curran oversees Essent's mortgage insurance business, including risk management, business development, information technology, operations, marketing, and public policy. He began his career as a CPA with Arthur Andersen LLP, specializing in financial services.
Paul Wollmann, President and Chief Underwriting Officer, Essent Reinsurance Ltd.
Mr. Wollmann has served as President and Chief Underwriting Officer of Essent Reinsurance Ltd. since May 2021, and has been with Essent Re since 2009. He has extensive experience in structured finance and reinsurance. Prior to joining Essent Re, he was a managing director, structured & asset-backed finance at RAM Holdings Ltd. from 2007 to 2009. Mr. Wollmann was also a managing director at RCS Limited and Ritchie Capital Management (Bermuda) Limited, alternative asset management firms, from 2004 to 2007.
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Here are the key risks to Essent Group Ltd. (ESNT):
- Market Volatility and Economic Uncertainty: Essent's business is highly susceptible to fluctuations in the broader economic environment and housing market. Factors such as interest rate changes, unemployment rates, and shifts in housing values directly influence the demand for mortgage insurance, the value of the company's investment portfolio, and the frequency and severity of claims and loss reserves. Economic downturns or instability can lead to reduced mortgage originations and increased borrower delinquencies.
- Regulatory Changes and Government-Sponsored Enterprises (GSEs): As a private mortgage insurer, Essent operates within a highly regulated industry. Changes in federal legislation or policies, particularly those affecting Fannie Mae and Freddie Mac (GSEs), or alterations to mortgage insurer eligibility requirements, could significantly impact Essent's operations, market position, and profitability.
- Credit Quality Deterioration and Intense Competition: The company faces risks associated with the credit quality of insured mortgages, including rising delinquency rates which necessitate higher loss provisions and directly impact profitability. This risk is compounded by an intensely competitive landscape, where rivals may employ aggressive pricing strategies or relaxed underwriting guidelines to gain market share, potentially eroding Essent's position and pressuring its financial performance.
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The addressable markets for Essent Group Ltd.'s main products and services are in the United States.
Private Mortgage Insurance (PMI)
The U.S. private mortgage insurance (PMI) market is a significant component of the housing finance system. At the end of 2023, the industry insured nearly $1.6 trillion in outstanding mortgages with active private MI coverage. In 2024, private mortgage insurers supported approximately $300 billion in mortgage originations. Globally, the private mortgage insurance market is projected to reach $6.84 billion in 2025 and is forecast to grow to $9.71 billion by 2029. North America currently represents the largest share of the global PMI market.
Mortgage Reinsurance
The U.S. mortgage reinsurance market facilitates the transfer of credit risk for private mortgage insurers. U.S. private mortgage insurers consistently cede a meaningful portion of their premiums to reinsurance. In 2024, the average amount of premiums ceded by private mortgage insurers was 31.5%. Since 2015, the private mortgage insurance industry has transferred nearly $80.7 billion in risk exposure through various credit risk transfer mechanisms, including insurance-linked notes and traditional reinsurance transactions. This includes the transfer of over $75.2 billion in risk on more than $3.5 trillion of insurance-in-force (IIF) through MI Credit Risk Transfer (MI-CRT) structures.
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- Growth in Mortgage Insurance in Force and New Insurance Written: Essent's core business relies on its mortgage insurance portfolio. While the near-term mortgage origination market may experience modest growth due to high interest rates, the long-term outlook remains positive due to favorable demographic trends, particularly millennials entering the first-time homebuyer age. The company has consistently shown an increase in its mortgage insurance in force.
- Increased Net Investment Income: Essent maintains a substantial consolidated cash and investment portfolio. The company has seen increases in its net investment income, driven by a modest increase in the overall portfolio yield, with new money yields around 5%. This strong investment performance is expected to continue contributing to revenue.
- Expansion of Reinsurance Activities (Essent Re): Essent is expanding its reinsurance operations, particularly through Essent Re. Notably, the company entered into quota share reinsurance agreements to reinsure certain property and casualty (P&C) risks in the Lloyd's market, effective in the first quarter of 2026. These agreements are expected to generate $100 million-$150 million in written premium in 2026, with approximately two-thirds expected to be earned in the same year. This expansion provides a new avenue for revenue growth and diversification.
- High Persistency Rates: Elevated mortgage interest rates are anticipated to maintain high persistency rates for Essent's existing mortgage insurance policies in the near term. High persistency means policyholders are less likely to refinance or move, keeping existing insurance policies in force longer and contributing to a stable stream of earned premiums.
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Share Repurchases
- In January 2026, Essent Group authorized a new $500 million share repurchase program extending through year-end 2027.
- The company repurchased 9.9 million common shares for $576 million in 2025.
- Year-to-date through October 31, 2025, Essent repurchased nearly 9 million shares for over $500 million.
Outbound Investments
- Essent acquired Agents National Title Holding Company and Boston National Holdings LLC in 2023 or 2024, thereby expanding its service portfolio into title insurance and settlement services.
- Essent Re strategically entered the Lloyd's of London market and initiated new property & casualty reinsurance agreements effective in 2026, as part of a diversification strategy.
- These P&C reinsurance agreements through Essent Re are expected to generate between $100 million and $150 million in written premium for 2026.
Capital Expenditures
- Essent's capital expenditures were approximately $4.002 million in 2024 and $6.766 million in 2025.
- Projected capital expenditures for 2026 are approximately $7.364 million.
- Capital expenditures include technology investments, such as EssentEDGE, focused on enhancing underwriting processes, risk assessment, and customer service.
Peer Outperformance in Commercial & Residential Mortgage Finance
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 5 | 26.6% | 69.2% | 134.7% | SPNT 161% · RNR 140% · RGA 135% |
| Investment Banking & Brokerage | 13 | -3.5% | 98.2% | 105.0% | IBKR 446% · SNEX 235% · GS 166% |
| Life & Health Insurance | 12 | 15.5% | 55.9% | 97.6% | JXN 531% · UNM 296% · FG 192% |
| Property & Casualty Insurance | 25 | -0.4% | 66.9% | 76.1% | TRV 161% · ACGL 160% · UFCS 160% |
| Multi-Sector Holdings | 3 | 0.5% | 43.8% | 70.0% | BRK-B 82% · VOYA 70% · JEF 46% |
| Asset Management & Custody Banks | 24 | 10.2% | 59.5% | 67.2% | WT 347% · VCTR 273% · AAMI 264% |
| Multi-line Insurance | 8 | 4.0% | 63.4% | 54.9% | GNW 140% · L 93% · AIZ 82% |
| Commercial & Residential Mortgage Finance ← | 3 | -0.9% | 33.7% | 43.7% | ACT 154% · ESNT 44% · WD -65% |
| Diversified Banks | 7 | 9.3% | 116.2% | 41.0% | JPM 126% · C 112% · WFC 93% |
| Regional Banks | 89 | 16.4% | 79.9% | 39.4% | FBP 135% · OFG 126% · NIC 125% |
| Consumer Finance | 14 | 2.7% | 111.7% | 35.5% | ENVA 378% · EZPW 297% · FCFS 151% |
| Financial Exchanges & Data | 13 | -2.0% | 44.0% | 30.3% | VIRT 168% · CBOE 140% · CME 66% |
| Insurance Brokers | 8 | -25.3% | -10.5% | 19.6% | AJG 60% · ERIE 33% · WTW 29% |
| Specialized Finance | 3 | 6.8% | 38.3% | -12.0% | EFC 18% · CACC -12% · HASI -17% |
| Mortgage REITs | 9 | -18.7% | 4.0% | -14.1% | RITM 33% · AGNC 13% · NLY 10% |
| Transaction & Payment Processing Services | 17 | -3.5% | -9.0% | -45.4% | V 62% · MA 57% · CPAY 46% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Essent Stock Built to Withstand a Pullback? | 10/17/2025 | |
| ESNT Dip Buy Analysis | 07/10/2025 | |
| Essent Total Shareholder Return (TSR): 7.0% in 2024 and 10.2% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| Essent (ESNT) Operating Cash Flow Comparison | 02/17/2025 | |
| Essent (ESNT) Net Income Comparison | 02/15/2025 | |
| Essent vs. S&P500 Correlation | 10/03/2024 | |
| Essent Price Volatility | 09/24/2024 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| Essendant (ESNT) Stock Has 58% Chance Of Rise In The Next One Month | 02/02/2023 | |
| Dates Cached For ESNT | 10/21/2022 | |
| ARTICLES | ||
| Essent Stock Extends A 12-Day Losing Streak To A 16% Loss | 10/01/2026 | |
| 59 Small Cap Stocks Just Made New 52-Week Highs | 08/10/2026 | |
| Small Cap Stocks Trading At 52-Week High | 12/16/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.11 |
| Mkt Cap | 5.4 |
| Rev LTM | 1,295 |
| Op Inc LTM | - |
| FCF LTM | 773 |
| FCF 3Y Avg | 715 |
| CFO LTM | 777 |
| CFO 3Y Avg | 716 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.4% |
| Rev Chg 3Y Avg | 10.0% |
| Rev Chg Q | 6.1% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 60.3% |
| CFO/Rev 3Y Avg | 58.8% |
| FCF/Rev LTM | 59.8% |
| FCF/Rev 3Y Avg | 58.2% |
Price Behavior
| Market Price | $58.86 | |
| Market Cap ($ Bil) | 5.3 | |
| First Trading Date | 10/31/2013 | |
| Distance from 52W High | -15.5% | |
| 50 Days | 200 Days | |
| DMA Price | $66.94 | $62.38 |
| DMA Trend | up | up |
| Distance from DMA | -12.1% | -5.6% |
| 3M | 1YR | |
| Volatility | 26.3% | 23.9% |
| Downside Capture | 102.88 | 5.72 |
| Upside Capture | 39.19 | 0.91 |
| Correlation (SPY) | -1.0% | 1.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.19 | 0.51 | -0.02 | -0.10 | 0.02 | 0.50 |
| Up Beta | -1.13 | -0.45 | -0.91 | 0.01 | 0.33 | 0.62 |
| Down Beta | -3.40 | -2.13 | -1.43 | -0.73 | -0.24 | 0.45 |
| Up Capture | -7% | 63% | 29% | 2% | -2% | 17% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 5 | 15 | 27 | 60 | 122 | 397 |
| Down Capture | 245% | 194% | 96% | 5% | 8% | 71% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 17 | 27 | 37 | 66 | 129 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESNT | |
|---|---|---|---|---|
| ESNT | -5.3% | 23.9% | -0.29 | - |
| Sector ETF (XLF) | 0.5% | 14.8% | -0.19 | 37.5% |
| Equity (SPY) | 15.7% | 13.0% | 0.85 | 1.1% |
| Gold (GLD) | 7.7% | 29.6% | 0.25 | -6.9% |
| Commodities (DBC) | 43.7% | 20.8% | 1.64 | -20.9% |
| Real Estate (VNQ) | 1.2% | 13.6% | -0.16 | 32.9% |
| Bitcoin (BTCUSD) | -27.0% | 44.5% | -0.58 | -12.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESNT | |
|---|---|---|---|---|
| ESNT | 7.9% | 25.2% | 0.28 | - |
| Sector ETF (XLF) | 8.8% | 18.3% | 0.35 | 66.2% |
| Equity (SPY) | 13.0% | 17.2% | 0.57 | 51.8% |
| Gold (GLD) | 18.6% | 18.9% | 0.80 | -1.0% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 4.4% |
| Real Estate (VNQ) | 0.4% | 18.9% | -0.08 | 54.2% |
| Bitcoin (BTCUSD) | 13.2% | 52.3% | 0.43 | 20.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESNT | |
|---|---|---|---|---|
| ESNT | 9.5% | 38.6% | 0.36 | - |
| Sector ETF (XLF) | 12.7% | 22.1% | 0.52 | 61.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 49.7% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | -2.8% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 15.7% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.17 | 50.7% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 13.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/7/2026 | 4.9% | 5.8% | 6.1% |
| 5/8/2026 | 2.5% | -2.3% | -7.2% |
| 2/13/2026 | -6.4% | -8.0% | -11.2% |
| 11/7/2025 | 0.5% | 0.7% | 2.0% |
| 8/8/2025 | 5.7% | 10.2% | 12.5% |
| 5/9/2025 | -0.3% | 0.5% | -1.5% |
| 2/14/2025 | -2.6% | -3.0% | -4.8% |
| 11/1/2024 | -10.4% | -7.9% | -4.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 9 | 11 | 11 |
| Median Positive | 1.9% | 2.1% | 5.2% |
| Median Negative | -2.2% | -2.9% | -7.2% |
| Max Positive | 5.7% | 10.2% | 12.5% |
| Max Negative | -10.4% | -8.0% | -11.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/7/2026 | 4.9% | 5.8% | 6.1% |
| 5/8/2026 | 2.5% | -2.3% | -7.2% |
| 2/13/2026 | -6.4% | -8.0% | -11.2% |
| 11/7/2025 | 0.5% | 0.7% | 2.0% |
| 8/8/2025 | 5.7% | 10.2% | 12.5% |
| 5/9/2025 | -0.3% | 0.5% | -1.5% |
| 2/14/2025 | -2.6% | -3.0% | -4.8% |
| 11/1/2024 | -10.4% | -7.9% | -4.5% |
| 8/2/2024 | -2.1% | -2.9% | 5.4% |
| 5/3/2024 | 0.5% | 4.1% | 7.0% |
| 2/9/2024 | -2.2% | 1.1% | 5.2% |
| 11/2/2023 | 0.6% | 0.5% | 3.2% |
| 8/4/2023 | 3.2% | 1.9% | -0.2% |
| 5/5/2023 | 3.9% | 6.3% | 10.3% |
| 2/10/2023 | -0.2% | 2.1% | -9.9% |
| 11/4/2022 | -1.3% | 3.8% | 0.1% |
| 8/5/2022 | 0.6% | 0.8% | -8.3% |
| 5/6/2022 | 1.7% | -2.6% | 4.0% |
| 2/11/2022 | 0.4% | -1.8% | -7.9% |
| 11/5/2021 | 2.1% | -0.4% | -7.7% |
| 8/6/2021 | 3.6% | 2.7% | 1.7% |
| 5/7/2021 | 0.6% | -3.9% | -1.2% |
| 2/19/2021 | 1.9% | -5.0% | 0.7% |
| 11/6/2020 | -2.2% | -0.0% | 8.0% |
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 9 | 11 | 11 |
| Median Positive | 1.9% | 2.1% | 5.2% |
| Median Negative | -2.2% | -2.9% | -7.2% |
| Max Positive | 5.7% | 10.2% | 12.5% |
| Max Negative | -10.4% | -8.0% | -11.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/18/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Insider Activity
Updated 9/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weinstock, David B | SVP and CFO | Direct | Sell | 9172026 | 68.54 | 5,500 | 376,970 | 2,055,789 | Form |
| 2 | Kasmar, Roy James | Roy J. Kasmar Living Trust U/A DTD 07/31/1990 | Sell | 9142026 | 68.71 | 4,837 | 332,372 | 1,467,810 | Form | |
| 3 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 9082026 | 70.01 | 798 | 55,868 | 142,742,899 | Form |
| 4 | Pauls, Douglas J | Douglas J. Pauls Revocable Trust U/A Dated Jan 30 2013 | Sell | 8252026 | 69.70 | 2,500 | 174,250 | 2,101,734 | Form | |
| 5 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 8202026 | 70.07 | 21,607 | 1,514,002 | 142,921,148 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weinstock, David B | SVP and CFO | Direct | Sell | 9172026 | 68.54 | 5,500 | 376,970 | 2,055,789 | Form |
| 2 | Kasmar, Roy James | Roy J. Kasmar Living Trust U/A DTD 07/31/1990 | Sell | 9142026 | 68.71 | 4,837 | 332,372 | 1,467,810 | Form | |
| 3 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 9082026 | 70.01 | 798 | 55,868 | 142,742,899 | Form |
| 4 | Pauls, Douglas J | Douglas J. Pauls Revocable Trust U/A Dated Jan 30 2013 | Sell | 8252026 | 69.70 | 2,500 | 174,250 | 2,101,734 | Form | |
| 5 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 8202026 | 70.07 | 21,607 | 1,514,002 | 142,921,148 | Form |
| 6 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 8202026 | 70.18 | 20,246 | 1,420,864 | 144,661,894 | Form |
| 7 | Bhasin, Vijay | SVP and Chief Risk Officer | Direct | Sell | 8182026 | 70.00 | 14,175 | 992,250 | 12,899,180 | Form |
| 8 | Bhasin, Vijay | SVP and Chief Risk Officer | Direct | Sell | 8112026 | 70.00 | 483 | 33,810 | 13,891,430 | Form |
| 9 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 7202026 | 67.04 | 4,678 | 313,613 | 15,329,232 | Form |
| 10 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 7152026 | 65.23 | 78,699 | 5,133,536 | 135,779,115 | Form |
| 11 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 7152026 | 65.07 | 23,900 | 1,555,173 | 140,567,012 | Form |
| 12 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 7082026 | 65.35 | 29,329 | 1,916,650 | 142,733,745 | Form |
| 13 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 7082026 | 65.08 | 1,245 | 81,025 | 144,052,758 | Form |
| 14 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 7022026 | 65.01 | 3,763 | 244,633 | 143,978,752 | Form |
| 15 | Weinstock, David B | SVP and CFO | Direct | Sell | 6302026 | 63.51 | 5,500 | 349,305 | 2,254,224 | Form |
| 16 | Casale, Mark | Chairman, CEO and President | Direct | Sell | 4302026 | 65.05 | 13,064 | 849,813 | 144,312,124 | Form |
| 17 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 4302026 | 65.01 | 4,250 | 276,292 | 15,169,173 | Form |
| 18 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 4212026 | 63.01 | 7,628 | 480,640 | 14,970,294 | Form |
| 19 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 4212026 | 63.00 | 872 | 54,936 | 15,448,482 | Form |
| 20 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 12222025 | 67.00 | 4,352 | 291,584 | 15,939,032 | Form |
| 21 | Kasmar, Roy James | Roy J. Kasmar Living Trust U/A DTD 07/31/1990 | Sell | 11182025 | 61.44 | 3,250 | 199,680 | 1,448,325 | Form | |
| 22 | Dutt, Aditya | Direct | Sell | 11132025 | 61.49 | 3,250 | 199,842 | 1,766,116 | Form | |
| 23 | Bhasin, Vijay | SVP and Chief Risk Officer | Direct | Sell | 9222025 | 65.00 | 11,479 | 746,135 | 12,799,930 | Form |
| 24 | Gibbons, Mary Lourdes | SVP and Chief Legal Officer | Direct | Sell | 9222025 | 65.00 | 4,000 | 260,000 | 15,796,495 | Form |
| 25 | Weinstock, David B | SVP and CFO | Direct | Sell | 9172025 | 63.33 | 2,500 | 158,325 | 1,574,700 | Form |
Investor Activity (13F)
Updated Oct 4, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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