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Essent (ESNT) Company Profile

Updated May 14, 2020
Essent has the following business profile:
Company's Full Name:Essent Group Ltd.
Short Name:Essent
Trading Ticker Symbol:ESNT
Primary Exchange:NYSE
Headquarter City/Country:Hamilton, Bermuda
Primary Industry Sector:Finance
Seconday Sub-sector:Property-Casualty Insurers
Main Business Areas: Finance, Property-Casualty Insurers, Financial Services, Specialty Finance
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Essent stock

Market and Trading Information for Essent

The following details were available for trading and market data about the stock of Essent as of writing:
Current Share Price:$26.9
Previous Year's Closing Price:$51.99
Percentage Price Change (YTD):-48.26%
Market Cap:$2.65 billion
52-week Price Range:$17.52 - $55.84
Dividend Per Share:$0.46
EPS (TTM):5.88
Price-Earnings (Trailing):4.57
Price-Earnings (Forward):4.73

Company Profile and Business Description for Essent

Essent Group Ltd., incorporated on July 1, 2008, is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. (Essent Guaranty), a mortgage insurer, which was licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC (CUW Solutions), which is a subsidiary of Essent Holdings, Inc. Its subsidiaries include Essent Agency (Bermuda) Ltd and Essent Reinsurance Ltd (Essent Re).

Mortgage Insurance

The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Most of its policies are primary mortgage insurance. Customers that purchase its primary mortgage insurance select a specific coverage level for each insured loan. For loans not sold to the government-sponsored enterprises (GSEs), which are Fannie Mae and Freddie Mac, the customer determines its coverage percentage. The Company's risk across all policies written was approximately 25% of the primary insurance, but varied from policy to policy between 6% and 35% coverage, as of December 31, 2016.

The Company's pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. Its pool insurance covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.

The Company issues a master policy to each customer approved as a counterparty by its risk department before accepting their applications for insurance. The master policy sets the terms and conditions of its mortgage insurance coverage, including loan eligibility requirements, coverage terms, policy administration, premium payment obligations, exclusions or reductions in coverage, conditions precedent to payment of a claim, claim payment requirements, subrogation and other matters attendant to its coverage.

Contract Underwriting

The Company provides contract underwriting services on a limited basis. It assesses if data provided by the customer relating to a mortgage application complies with the customer's loan underwriting guidelines. These services are provided for loans that require private mortgage insurance, as well as for loans that do not require private mortgage insurance. It operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.

Bermuda-Based Insurance and Reinsurance

The Company offers mortgage-related insurance and reinsurance through Essent Re, which provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae, including in connection with Agency Credit Insurance Structure (ACIS) and Credit Insurance Risk Transfer (CIRT) programs. Essent Re also reinsured 25% of Essent Guaranty, Inc.'s GSE-eligible mortgage insurance, as of December 31, 2016.

The Company competes with Arch Mortgage Insurance Company, Genworth Financial Inc., Mortgage Guaranty Insurance Corporation, National Mortgage Insurance Corporation and Radian Guaranty Inc.

Clarendon House, 2 Church Street

ETFs Holding Essent Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Essent stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Essent stock holding. There are a total of 65 ETFs in Fknol.com records which are holding Essent stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
VAMOCambria Value and Momentum ETFThe Cambria Value and Momentum ETF is an actively managed portfolio of large-, mid- and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. ...Full Details0.65%99
Full List
Quarterly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
FQALFidelity Quality Factor ETFThe Fidelity Quality Factor ETF tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme. ...Full Details0.29%126
Full List
Quarterly
IEFNiShares Evolved US Financials ETFThe iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%254
Full List
Annually
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
IYFiShares US Financials ETFThe iShares Dow Jones U.S. Financials ETF tracks the performance of a market-cap-weighted index of US financial companies. ...Full Details0.43%290
Full List
Quarterly
IYGiShares US Financial Services ETFThe iShares Dow Jones U.S. Financial Services ETF invests in a market-cap-weighted subset of US stocks consisting exclusively of financial service firms. ...Full Details0.43%122
Full List
Quarterly

See Full List of ETFs holding Essent stock in their respective portfolios.

Peer / Competitor Companies of Property-Casualty Insurers Sector

Along with Essent Group Ltd., the following other peer (competitor) companies also exist within the same Property-Casualty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ 1347 Property Insurance (PIH): 1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners ....See Detailed Company Profile,  Dividend History

▶ Alleghany (Y): Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property ....See Detailed Company Profile,  Dividend History

▶ Allstate (ALL): The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Companys business is conducted principally through Allstate Insurance Company, Allstate Life Insurance ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBC): Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. The Company operates through two segments: Financial Guarantee and Financial Services. The Financial Guarantee ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBCW): Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions. The company was incorporated in 1991 and is head....See Detailed Company Profile,  Dividend History

▶ American Financial (AFG): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGE): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGH): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American International (AIG): American International Group, Inc. (AIG), incorporated on June 9, 1967, is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other ....See Detailed Company Profile,  Dividend History

▶ AMERISAFE (AMSF): Amerisafe, Inc., incorporated on October 28, 1985, is an insurance holding company. The Company is engaged in providing workers compensation insurance focused on small to mid-sized employers engaged in hazardous ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGL): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGLP): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Assured Guaranty (AGO): Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including ....See Detailed Company Profile,  Dividend History

▶ Atlas Financial (AFH): Atlas Financial Holdings, Inc., incorporated on December 31, 2010, is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, ....See Detailed Company Profile,  Dividend History

▶ Axis Capital (AXS): AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and ....See Detailed Company Profile,  Dividend History

▶ Blue Capital Reinsurance (BCRH): Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through ....See Detailed Company Profile,  Dividend History

▶ Chubb (CB): Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty,....See Detailed Company Profile,  Dividend History

▶ Cincinnati Financial (CINF): Cincinnati Financial Corporation, incorporated on March 4, 1992, is an insurance holding company. As of December 31, 2016, the Company was engaged in the business of property casualty insurance marketed ....See Detailed Company Profile,  Dividend History

▶ CNA Financial (CNA): CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Companys segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The ....See Detailed Company Profile,  Dividend History

▶ Conifer (CNFR): Conifer Holdings, Inc., incorporated on October 27, 2009, is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal ....See Detailed Company Profile,  Dividend History

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