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Essent Group Ltd. Announces Closing of $363.4 Million Reinsurance Tran...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2024-1 Ltd. has funded its reinsurance obligations through the issuance of five classes of mortgage insurance-linked notes, with 10-year lega...
Essent Group Ltd. Comments on Updates to Private Mortgage Insurer Elig...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) reported today that Fannie Mae and Freddie Mac (the “GSEs”), under the oversight of the Federal Housing Finance Authority (“FHFA”), issued updates to the Private Mortgage Insurer Eligibility Requirements (“PMIERs”) calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan. The updated PMIERs Available Asset requirements are subject to a phased-in implementation, will have no impact on Essent’s Available Assets or sufficiency ratio until March 31,...
Essent Group Ltd: 1 director
A director at Essent Group Ltd sold 5,000 shares at 58.810USD and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
Essent Group Ltd. Announces Second Quarter 2024 Results and Declares Q...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended June 30, 2024 of $203.6 million or $1.91 per diluted share, compared to $172.2 million or $1.61 per diluted share for the quarter ended June 30, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on September 10, 2024, to shareholders of record on August 30, 2024. “We are pleased with our financial results in the second quarter, as our high-quality portfolio and resilience in ...
Essent Group Ltd. Schedules Second Quarter Earnings Conference Call fo...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at . The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approxima...
Essent Group Ltd. Closes $500 Million Senior Unsecured Notes Offering ...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) (the “Company”) announced today that it has closed upon two transactions that collectively represent access to approximately $1 billion in capital for the Company. The Company announced that its previously disclosed public offering (the “Offering”) of $500 million aggregate principal amount of senior unsecured notes (the “Notes”) closed on July 1, 2024, resulting in approximately $495.3 million of net proceeds from the Offering. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, ...
Essent Group Ltd. Prices $500 Million Senior Unsecured Notes Offering
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) (the “Company”) today announced that it has priced its public offering (the “Offering”) of $500 million aggregate principal amount of senior unsecured notes (the “Notes”). The Offering is expected to close on July 1, 2024, subject to customary closing conditions. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029. The Company intends to use approximately $425 million of the net proceeds of the Offering to repay all of the term borrowings outstanding under the term loan porti...
Essent Announces Enhanced Integration with PMI Rate Pro to Support Ess...
RADNOR, Pa.--(BUSINESS WIRE)-- Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT) announced today an enhanced integration with PMI Rate Pro, an innovator in MI pricing platforms, to now include ordering MI. This represents an improvement in efficiency and accessibility for our mutual customers and prospective homeowners. “Essent is pleased to evolve our partnership with PMI Rate Pro in providing customers an improved, intuitive interface which supports EssentEDGE, our proprietary next generation risk assessment and MI pric...
Essent Group Ltd. Announces First Quarter 2024 Results and Declares Qu...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on June 10, 2024, to shareholders of record on May 31, 2024. “We are pleased with our financial results in the first quarter, as our high-quality portfolio and consumer resilience h...
Essent Group Ltd. Schedules First Quarter Earnings Conference Call for...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, May 3, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2024 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at . The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately...
Essent Group Ltd. Announces Fourth Quarter & Full Year 2023 Results an...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2023 of $175.4 million or $1.64 per diluted share, compared to $147.4 million or $1.37 per diluted share for the quarter ended December 31, 2022. For the full year 2023, net income was $696.4 million or $6.50 per diluted share, compared to $831.4 million or $7.72 per diluted share for 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The dividend is payable on March 22, 2024, to sharehold...
Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call fo...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, February 9, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at . The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approxi...
Essent Announces Upgraded Financial Strength Ratings from S&P Global R...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) (“Essent”) today announced that S&P Global Ratings (“S&P”) has raised its long-term insurer financial strength and issuer credit ratings on its wholly owned subsidiaries, Essent Guaranty, Inc. (“Essent Guaranty”) and Essent Reinsurance Ltd. (“Essent Re”) to ‘A-’ from ‘BBB+’, with a stable outlook. S&P’s rationale in support of the ratings upgrade includes an improved view of Essent’s capital adequacy resulting from the implementation of S&P’s revised capital adequacy methodology, its expectation of Essent’s ability to genera...
Essent Group Ltd. Announces Third Quarter 2023 Results and Declares Qu...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended September 30, 2023 of $178.0 million or $1.66 per diluted share, compared to $178.1 million or $1.66 per diluted share for the quarter ended September 30, 2022. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on December 11, 2023, to shareholders of record on December 1, 2023. “We are pleased with our third quarter 2023 financial results, as we continue to generate high quality e...
Essent Announces Integration with Mortgage Cadence’s Loan Fulfillment ...
RADNOR, Pa.--(BUSINESS WIRE)-- Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT) announced today they have integrated with Mortgage Cadence’s Loan Fulfillment Center (“LFC”). “We are pleased to expand our integration with Mortgage Cadence to now provide mutual customers access to Essent’s products and services through their LFC platform,” said Kendra Placek, Vice President of Customer Experience and Innovation at Essent. “We are dedicated to providing streamlined access to our product offerings for customers and to workin...
Essent Group Ltd. Schedules Third Quarter Earnings Conference Call for...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at . The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approx...
Essent Group Ltd. Announces Closing of $281.5 Million Reinsurance Tran...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $281.5 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in August 2022 through June 2023 from Radnor Re 2023-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2023-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2023-1 Ltd. has funded its reinsurance obligations through the issuance of four classes of mortgage insurance-linked notes, with 10-...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
MPC, PSX, VLO, DINO, PBF, CVI, DK, ESNT, MTG, RDN, NMIH, BRK.B, CB, MKL, CINF, ERIE, CNA, LII, FIX CSWI Upgrading Financials to Market Weight Fitch's U.S. credit downgrade has done little to change the intermediate-term trend; we continue to believe the path of least resistance is higher for the major equity indexes, which has been our stance since our 5/30/23 ETF Pathfinder. We remain bullish on the S&P 500, and we expect to see support at its 50-day MA moving forward (currently 4415). Short ...
RDN RADIAN GROUP INC.
PSX PHILLIPS 66
PBF PBF ENERGY INC. CLASS A
MKL MARKEL CORPORATION
FIX COMFORT SYSTEMS USA INC.
ESNT ESSENT GROUP LTD.
ERIE ERIE INDEMNITY COMPANY CLASS A
CVI CVR ENERGY INC.
CB CHUBB LIMITED
CSWI CSW INDUSTRIALS
MPC. MADISON PACIFIC PROPERTIES INC. CL B
CNA CNA FINANCIAL CORPORATION
MTG MGIC INVESTMENT CORPORATION
NMIH NMI HOLDINGS INC. CLASS A
VLO VALERO ENERGY CORPORATION
DK DELEK US HOLDINGS INC
CINF CI GLOBAL INFRASTRUCTURE PRIVATE POOL
DINO HOLLYFRONTIER CORP
Essent Group Ltd. Schedules Second Quarter Earnings Conference Call fo...
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, August 4, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2023 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at . The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approxima...
Essent Completes Acquisition of Title Insurance Operations
HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) announced today that it has completed its previously announced acquisition of Agents National Title Holding Company (“Agents National Title”) and Boston National Holdings LLC (“Boston National Title”) through its subsidiary Essent US Holdings, Inc. from Incenter LLC, a subsidiary of Finance of America Companies Inc. (NYSE: FOA) This transaction was previously announced on February 2, 2023. Agents National Title, a title insurance underwriter based in Missouri, issues title insurance products through a network of title insura...
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