Essent Group
Mortgage insurer with reinsurance, title coverage and real-estate closing services.
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Profile
Provides private mortgage insurance for U.S. home loans, mortgage-risk and selected property-and-casualty reinsurance, plus title insurance and settlement services. Mortgage insurance is the core business, supported by lender relationships and risk-based underwriting, with access tied to Fannie Mae and Freddie Mac approval.
Provides private mortgage insurance on U.S. residential first-lien loans through Essent Guaranty, helping lenders sell low-down-payment mortgages into the secondary market. Essent Re reinsures mortgage credit risk, including Fannie Mae and Freddie Mac credit-risk-transfer programs, and has expanded into selected property-and-casualty risks through Lloyd’s. Essent Title Insurance and Boston National Title add title underwriting, agency and settlement services.
Execution rests on granular loan-level analytics, risk-adjusted pricing, automated approvals and relationships with mortgage originators. The mortgage insurer is licensed nationwide and must remain approved by Fannie Mae and Freddie Mac under their capital and operating standards. Results depend on U.S. mortgage origination, borrower defaults and home prices, while the title platform tracks real-estate closings; insurance subsidiaries also operate under state and Bermuda regulation.
Company facts
Categories
Key statistics
Year to date +6.6% · Average volume (30d) 523.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Roth Capital | Reiterate | Buy | $65 | $80 | |
| Jun 4, 2026 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform | ||
| Jun 3, 2026 | Roth Capital | Target | $75 | $65 | ||
| May 22, 2026 | RBC Capital | Target | $67 | $68 | ||
| May 11, 2026 | Barclays | Reiterate | Equal Weight | $63 | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $1.76 | $2.08 | +18.2% | $321.6M | $362.7M | +12.8% | +4.90% |
| May 8, 2026Q1 FY26 | $1.75 | $1.82 | +4.0% | $297.6M | $336.1M | +12.9% | −2.63% |
| Feb 13, 2026Q4 FY25 | $1.74 | $1.60 | −8.0% | $312.6M | $312.4M | −0.1% | +1.25% |
| Nov 7, 2025Q3 FY25 | $1.77 | $1.67 | −5.6% | $315.6M | $318.7M | +1.0% | +1.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $324.1M | $326.1M | $318.7M | $312.4M | $329.6M | $362.7M | |
| Gross profit | $292.8M | $309.0M | $273.8M | $256.3M | $281.4M | $313.7M | |
| Operating income | $207.0M | $231.2M | $199.2M | $184.5M | $206.7M | $230.3M | |
| Net income | $175.4M | $195.3M | $164.2M | $155.0M | $171.8M | $189.7M | |
| Diluted EPS | $1.69 | $1.93 | $1.67 | $1.60 | $1.82 | $2.08 | |
| Gross margin | 90.3% | 94.8% | 85.9% | 82.1% | 85.4% | 86.5% | |
| Operating margin | 63.9% | 70.9% | 62.5% | 59.1% | 62.7% | 63.5% |
Fiscal years (4-quarter sums)FY21 $1.03B · FY22 $1.00B · FY23 $1.11B · FY24 $1.28B · FY25 $1.28B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.11B · Total debt $496.0M · Total assets $7.59B · Shareholders' equity $5.66B
Dividends
Raised for 5 straight years — most recently to $0.35 from $0.31 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 10 | $0.35 | |
| Mar 13, 2026 | Mar 13 | Mar 23 | $0.35 | raised from $0.31 |
| Dec 1, 2025 | Dec 1 | Dec 10 | $0.31 | |
| Aug 29, 2025 | Aug 29 | Sep 10 | $0.31 | |
| May 30, 2025 | May 30 | Jun 10 | $0.31 | |
| Mar 14, 2025 | Mar 14 | Mar 24 | $0.31 | raised from $0.28 |
| Dec 2, 2024 | Dec 2 | Dec 11 | $0.28 | |
| Aug 30, 2024 | Aug 30 | Sep 10 | $0.28 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 92.15M · Float 88.81M · 96.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.43M | 13.49% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.58M | 8.22% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 5.42M | 5.88% | 13F | Aug 11, 2026 |
| Capital World Investors | 4.54M | 4.93% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 3.99M | 4.33% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Douglas J. Pauls | director | −2,500 | $69.70 |
| Aug 19, 2026 | Mark Casale | director, officer: Chairman, CEO and President | −21,607 | $70.07 |
| Aug 18, 2026 | Mark Casale | director, officer: Chairman, CEO and President | −20,246 | $70.18 |
| Aug 18, 2026 | Vijay Bhasin | officer: SVP and Chief Risk Officer | −14,175 | $70.00 |
| Aug 7, 2026 | Vijay Bhasin | officer: SVP and Chief Risk Officer | −483 | $70.00 |
Peers
- MGIC Investment
Direct U.S. private mortgage-insurance rival for lender relationships
- Radian Group
Direct U.S. private mortgage-insurance peer with mortgage services
- Enact
Direct U.S. private mortgage-insurance rival with reinsurance tools
- National MI
Direct U.S. mortgage-insurance rival focused on GSE-approved MI
- Arch Capital Group
Mortgage-insurance and reinsurance rival inside a global insurer
- Fidelity National Financial
Largest U.S. title-insurance rival to the title-services adjacency
- First American Financial
National title, settlement, and real-estate risk-solutions rival
- Stewart Information Services
Title-insurance and real-estate-services peer in the same adjacency
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Essent Group | $69.30 | +0.57% | $6.35B | 9.6 | 9.1 | 4.8 | +13.6% |
| MGIC Investment | $30.99 | −0.06% | $6.36B | 9.7 | 9.6 | 5.3 | −2.9% |
| Radian Group | $36.41 | 0.00% | $4.84B | 9.3 | 7.3 | 2.9 | +80.9% |
| Enact | $49.07 | +0.03% | $6.85B | 10.3 | 9.9 | 5.5 | +4.2% |
| National MI | $40.84 | −8.87% | $3.40B | 8.8 | 8.4 | 4.7 | −9.4% |
| Arch Capital Group | $97.15 | −1.71% | $34.53B | 7.7 | 10.5 | 1.8 | −22.3% |
| Fidelity National Financial | $47.56 | −0.02% | $12.80B | 16.5 | 8.9 | 0.8 | +11.4% |
| First American Financial | $74.47 | −0.03% | $7.60B | 10.3 | 10.6 | 1.8 | +15.0% |
| Stewart Information Services | $69.91 | 0.00% | $2.13B | 15.3 | 11.1 | 0.7 | +24.0% |
| Median | 10.0 | 9.7 | 2.4 | +7.8% |