NYSE:ESNTDiversified Financial
Essent Group (ESNT) Stock Rallies As Capital Strength Cushions Margin Slip
Essent Group stock jumped 4.9% to US$68.72 after earnings, a strong move for a mortgage insurer that investors usually treat as a slow compounder rather than a trading vehicle. The headline is simple: profitability held up and the balance sheet stayed thick with capital even as net profit margin over the past year sat at 51.5%, below the earlier 56.4% level investors had grown used to.
Short term traders see a pop. Long term holders see a company earning US$2.09 per share this quarter while...