Essent Group
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The last earnings update was 51 days ago. More info.
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ESNT Share Price and Events
7 Day Returns
1 Year Returns
ESNT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Essent Group (ESNT) | -8.4% | -4.9% | 3.5% | 26.8% | 111.4% | 123.1% |
| US Mortgage | -1.3% | -0.7% | 2.5% | -0.7% | 40.3% | 34.7% |
| US Market | 1.4% | 3.8% | 3.5% | 4.9% | 44.8% | 40.1% |
1 Year Return vs Industry and Market
- ESNT outperformed the Mortgage industry which returned -0.7% over the past year.
- ESNT outperformed the Market in United States of America which returned 4.9% over the past year.
ESNT Value
Is Essent Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Essent Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Essent Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity = $33.88 * 18.5% |
$6.28 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 6 analysts. | $33.88 |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.89 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.893 (1 + (1- 21%) (5.3%)) |
0.953 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.95 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.953 * 5.96%) |
8.41% |
Discounted Cash Flow Calculation for NYSE:ESNT using Excess Returns Model Model
The calculations below outline how an intrinsic value for Essent Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (18.5% – 8.41%) * $33.88) |
$3.43 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $3.43 / (8.41% - 2.73%) |
$60.32 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $33.88 + $60.32 |
$94.2 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $94.20 |
| Current discount | Discount to share price of
$45.41
= -1 x ($45.41 - $94.20) / $94.20 |
51.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Essent Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Essent Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Essent Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Essent Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $4.97 |
| NYSE:ESNT Share Price ** | NYSE (2019-06-25) in USD | $45.41 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 130 Publicly-Listed Mortgage Companies | 13.96x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Essent Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:ESNT Share Price ÷ EPS (both in USD) = 45.41 ÷ 4.97 |
9.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Essent Group is good value based on earnings compared to the US Mortgage industry average.
- Essent Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Essent Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.15x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
10.9%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.33x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.15x ÷ 10.9% |
0.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Essent Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Essent Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $25.70 |
| NYSE:ESNT Share Price * | NYSE (2019-06-25) in USD | $45.41 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.11x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:ESNT Share Price ÷ Book Value per Share (both in USD) = 45.41 ÷ 25.70 |
1.77x |
* Primary Listing of Essent Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Essent Group is overvalued based on assets compared to the US Mortgage industry average.
Value checks
We assess Essent Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Essent Group has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ESNT Future Performance
How is Essent Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Essent Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Essent Group's earnings growth is positive but not above the United States of America market average.
- Essent Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:ESNT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 10.9% |
| NYSE:ESNT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 11.6% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,049 | 658 | 2 | |
| 2020-12-31 | 939 | 575 | 7 | |
| 2019-12-31 | 840 | 522 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 752 | 542 | 484 |
| 2018-12-31 | 719 | 625 | 467 |
| 2018-09-30 | 687 | 603 | 501 |
| 2018-06-30 | 653 | 567 | 464 |
| 2018-03-31 | 616 | 513 | 424 |
| 2017-12-31 | 577 | 369 | 380 |
| 2017-09-30 | 542 | 327 | 280 |
| 2017-06-30 | 513 | 296 | 261 |
| 2017-03-31 | 483 | 284 | 241 |
| 2016-12-31 | 458 | 275 | 223 |
| 2016-09-30 | 429 | 265 | 204 |
| 2016-06-30 | 400 | 257 | 186 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Essent Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 6.51 | 6.97 | 6.21 | 3.00 |
| 2020-12-31 | 5.85 | 6.20 | 5.70 | 10.00 |
| 2019-12-31 | 5.32 | 5.44 | 5.20 | 10.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 4.97 |
| 2018-12-31 | 4.80 |
| 2018-09-30 | 5.16 |
| 2018-06-30 | 4.81 |
| 2018-03-31 | 4.47 |
| 2017-12-31 | 4.07 |
| 2017-09-30 | 3.04 |
| 2017-06-30 | 2.86 |
| 2017-03-31 | 2.65 |
| 2016-12-31 | 2.45 |
| 2016-09-30 | 2.25 |
| 2016-06-30 | 2.05 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Essent Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Essent Group has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ESNT Past Performance
How has Essent Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Essent Group has delivered over 20% year on year earnings growth in the past 5 years.
- Essent Group's 1-year earnings growth is less than its 5-year average (14.1% vs 42.4%)
- Essent Group's earnings growth has not exceeded the US Mortgage industry average in the past year (14.1% vs 39%).
Earnings and Revenue History
All data from Essent Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 752.42 | 484.01 | 89.87 | |
| 2018-12-31 | 719.35 | 467.36 | 90.08 | |
| 2018-09-30 | 687.34 | 501.47 | 89.40 | |
| 2018-06-30 | 652.54 | 463.86 | 90.98 | |
| 2018-03-31 | 616.38 | 424.22 | 91.35 | |
| 2017-12-31 | 576.51 | 379.75 | 90.96 | |
| 2017-09-30 | 541.77 | 279.80 | 91.33 | |
| 2017-06-30 | 512.83 | 261.11 | 89.17 | |
| 2017-03-31 | 483.38 | 241.25 | 86.92 | |
| 2016-12-31 | 458.26 | 222.61 | 84.04 | |
| 2016-09-30 | 429.36 | 204.40 | 80.51 | |
| 2016-06-30 | 399.84 | 185.51 | 77.27 | |
| 2016-03-31 | 375.75 | 170.44 | 74.35 | |
| 2015-12-31 | 353.29 | 157.33 | 72.23 | |
| 2015-09-30 | 328.56 | 141.72 | 69.87 | |
| 2015-06-30 | 301.44 | 125.97 | 68.44 | |
| 2015-03-31 | 271.66 | 108.33 | 66.80 | |
| 2014-12-31 | 239.47 | 88.50 | 64.29 | |
| 2014-09-30 | 209.08 | 25.94 | 62.93 | |
| 2014-06-30 | 180.91 | 16.49 | 58.49 | |
| 2014-03-31 | 156.19 | 20.51 | 53.11 | |
| 2013-12-31 | 131.40 | 12.71 | 46.97 | |
| 2013-09-30 | 107.46 | 47.44 | 39.67 | |
| 2013-06-30 | 84.54 | 29.76 | 36.29 | |
| 2013-03-31 | 63.36 | -0.08 | 33.49 | |
| 2012-12-31 | 48.72 | -13.54 | 31.62 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Essent Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Essent Group used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
- Essent Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Essent Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Essent Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ESNT Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Essent Group Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,527.80 | 223.81 | 251.31 |
| 2018-12-31 | 2,365.72 | 223.66 | 219.35 |
| 2018-09-30 | 2,215.14 | 223.49 | 221.71 |
| 2018-06-30 | 2,103.57 | 223.34 | 351.68 |
| 2018-03-31 | 1,995.29 | 263.70 | 413.72 |
| 2017-12-31 | 1,940.44 | 248.59 | 356.22 |
| 2017-09-30 | 1,780.57 | 173.49 | 354.25 |
| 2017-06-30 | 1,497.90 | 173.19 | 158.65 |
| 2017-03-31 | 1,412.75 | 125.00 | 132.09 |
| 2016-12-31 | 1,343.77 | 100.00 | 159.88 |
| 2016-09-30 | 1,310.22 | 50.00 | 166.82 |
| 2016-06-30 | 1,248.61 | 0.00 | 145.41 |
| 2016-03-31 | 1,181.50 | 0.00 | 111.69 |
| 2015-12-31 | 1,119.24 | 0.00 | 110.60 |
| 2015-09-30 | 1,076.24 | 0.00 | 140.32 |
| 2015-06-30 | 1,027.77 | 0.00 | 120.96 |
| 2015-03-31 | 996.02 | 0.00 | 133.82 |
| 2014-12-31 | 955.74 | 0.00 | 235.10 |
| 2014-09-30 | 794.89 | 0.00 | 123.84 |
| 2014-06-30 | 767.96 | 0.00 | 187.35 |
| 2014-03-31 | 740.13 | 0.00 | 270.36 |
| 2013-12-31 | 722.14 | 0.00 | 491.73 |
| 2013-09-30 | 387.98 | 0.00 | 145.33 |
| 2013-06-30 | 371.23 | 0.00 | 131.26 |
| 2013-03-31 | 219.12 | 0.00 | 29.41 |
| 2012-12-31 | 219.12 | 0.00 | 29.41 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Unable to establish if Essent Group has an acceptable proportion of non-loan assets without balance sheet data.
- Unable to establish if Essent Group's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
- Essent Group reports no customer deposits, loans are made up entirely of borrowed funds.
- Essent Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Unable to establish if Essent Group has a sufficient allowance for bad loans without relevant financial data.
- Unable to establish if Essent Group has an acceptable level of bad loans without bad loans data.
Financial health checks
We assess Essent Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Essent Group has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ESNT Dividends
What is Essent Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Essent Group
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Essent Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Essent Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 95 Stocks | 3.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.00 | 1.00 |
| 2020-12-31 | 0.00 | 2.00 |
| 2019-12-31 | 0.00 | 2.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Essent Group has not reported any payouts.
- Unable to verify if Essent Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Essent Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Essent Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Essent Group has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ESNT Management
CEO
| COMPENSATION | $6,702,015 |
| AGE | 53 |
| TENURE AS CEO | 11.4 years |
CEO Bio
Mr. Mark Anthony Casale has been the Chief Executive Officer of Essent US Holdings, Inc. since 2008 and serves as its President. Mr. Casale serves as Chairman, Chief Executive Officer and President at Essent Guaranty, Inc. Mr. Casale is the founder of Essent Group Ltd. and serves as its President. He has been Chief Executive Officer and Director at Essent Group Ltd. since 2008 and also has been its Chairman of the Board since 2013. He has more than 25 years of financial services management experience, with senior roles in the areas of mortgage banking, mortgage insurance, bond insurance and capital markets. Mr. Casale served as President of Radian Guaranty Inc. a subsidiary of Radian Group Inc. from March 2006 to November 1, 2007. Mr. Casale served as Executive Vice President of Mortgage Insurance since November 18, 2005 and Senior Vice President of Capital Markets at Radian Group Inc. from February 2004 to November 18, 2005. He joined Radian in May 2001 as Senior Vice President of Strategic Investments. He served as Vice President of Society Hill Capital Management from August 2000 to April 2001. He managed the research and investment in publicly traded debt and equity securities at Society Hill Capital Management. Mr. Casale served as Senior Vice President of Corporate Finance Services and in various other management positions with Advanta Corp. from February 1992 to May 2000. Mr. Casale has been a Director at Essent Guaranty, Inc. since 2008. He serves as Director of Essent US Holdings, Inc. Mr. Casale serves on the Board of Trustees of St. Joseph's University. Mr. Casale holds a BS in accounting from St. Joseph's University and an MBA in finance from New York University.
CEO Compensation
- Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
- Mark's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Essent Group management team in years:
- The average tenure for the Essent Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Mark Casale
Chairman
$7M
53
11.4 yrs
Larry McAlee
Senior VP & CFO
$2M
54
10.4 yrs
Chris Curran
Senior Vice President of Corporate Development
$2M
Vijay Bhasin
Chief Risk Officer & Senior VP
$2M
53
10.4 yrs
Jeff Cashmer
Senior VP & Chief Business Officer
$2M
47
Bill Kaiser
Senior VP & Chief Operations Officer
David Weinstock
VP & Chief Accounting Officer
52
10.4 yrs
David Weinstock
Chief Accounting Officer & Vice President
53
10.4 yrs
Theodore Gray
Senior VP & Chief Information Officer
Mary Gibbons
Chief Legal Officer
$2M
56
11.4 yrs
Board of Directors Tenure
Average tenure and age of the Essent Group board of directors in years:
- The tenure for the Essent Group board of directors is about average.
Board of Directors
Mark Casale
Chairman
$7M
53
6.4 yrs
William Spiegel
Lead Director
$230K
56
Rob Glanville
Director
$215K
52
11.4 yrs
Roy Kasmar
Director
$213K
62
6.4 yrs
Doug Pauls
Director
$220K
59
5.5 yrs
Aditya Dutt
Director
$210K
42
9.4 yrs
Jane Chwick
Director
$143K
55
1.1 yrs
Angie Heise
Director
$143K
43
1.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Dec 18 | Buy | Robert Glanville | Individual | 06. Dec 18 | 07. Dec 18 | 2,000 | $36.48 | $72,240 | ||
Management checks
We assess Essent Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Essent Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ESNT News
Simply Wall St News
Does Market Volatility Impact Essent Group Ltd.'s (NYSE:ESNT) Share Price?
(NYSE:ESNT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Beta only tells us that the Essent Group share price is sensitive to broader market movements.
Simply Wall St - – Full articleIf You Like EPS Growth Then Check Out Essent Group (NYSE:ESNT) Before It's Too Late
If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Essent Group (NYSE:ESNT). … Like a sturdy phalanx Essent Group insiders have stood united by refusing to sell shares over the last year. … So if you like the sound of Essent Group, you'll probably love this free list of growing companies that insiders are buying.
Simply Wall St - – Full articleEssent Group Ltd. (NYSE:ESNT): Poised For Long-Term Success?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings announcement Essent Group Ltd.
Simply Wall St - – Full articleWhat Do Analysts Think About Essent Group Ltd.'s (NYSE:ESNT) Future?
After Essent Group Ltd.'s (NYSE:ESNT) earnings announcement in December 2018,. … with earnings expected to grow by 9.6% in the upcoming year … the higher past 5-year average growth rate of 46%
Simply Wall St - – Full articleDid Business Growth Power Essent Group's (NYSE:ESNT) Share Price Gain of 134%?
(NYSE:ESNT) share price has flown 134% in the last three years. … During three years of share price growth, Essent Group achieved compound earnings per share growth of 40% per year. … The average annual share price increase of 33% is actually lower than the EPS growth.
Simply Wall St - – Full articleOur Take On Essent Group Ltd.'s (NYSE:ESNT) CEO Salary
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mark Casale's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$4.3b, and pays its CEO total annual compensation worth US$6.6m.
Simply Wall St - – Full articleRead This Before Selling Essent Group Ltd. (NYSE:ESNT) Shares
So shareholders might well want to know whether insiders have been buying or selling shares in Essent Group Ltd. … The Last 12 Months Of Insider Transactions At Essent Group. … Robert Glanville was the only individual insider to buy shares in the last twelve months
Simply Wall St - – Full articleIs Essent Group Ltd. (NYSE:ESNT) Potentially Undervalued?
As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Today I will analyse the most recent data on Essent Group’s outlook and valuation to see if the opportunity still exists.
Simply Wall St - – Full articleDo You Know What Essent Group Ltd.'s (NYSE:ESNT) P/E Ratio Means?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Essent Group Ltd.'s (NYSE:ESNT) P/E ratio and reflect on what it tells us about the company's share price. … Essent Group has a price to earnings ratio of 7.94, based on the last twelve months.
Simply Wall St - – Full articleWho Has Been Selling Essent Group Ltd (NYSE:ESNT) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Essent Group Ltd (NYSE:ESNT). … Essent Group Insider Transactions Over The Last Year. … Andrew Turnbull was the only individual insider to sell shares in the last twelve months
Simply Wall St - – Full articleESNT Company Info
Description
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.
Details
| Name: | Essent Group Ltd. |
| ESNT | |
| Exchange: | NYSE |
| Founded: | 2008 |
| $4,466,915,083 | |
| 98,368,533 | |
| Website: | http://www.essentgroup.com |
| Address: |
Essent Group Ltd. Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | ESNT | Common Shares | New York Stock Exchange | US | USD | 01. Nov 2013 | |
| LSE | 0U95 | Common Shares | London Stock Exchange | GB | USD | 01. Nov 2013 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/26 00:57 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/06/03 |
| Last earnings filing: | 2019/05/06 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
