Keefe, Bruyette & Woods Downgrades Essent Group (ESNT) to Market Perform
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Essent Group Ltd. Reports Second Quarter 2016 Results
August 4, 2016 6:30 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended June 30, 2016 of $52.3 million or $0.57 per diluted share, compared to $37.2 million or $0.41 per diluted share for the quarter ended June 30, 2015. As of June 30, 2016, Essent had insurance in force of $72.3 billion and consolidated stockholders equity of $1.2 billion.
We are pleased with our strong second quarter results and generating a 17% return on average equity as we continued building a high credit quality and profitable mortgage insurance portfolio, said Mark Casale, Chairman and Chief Executive Officer. We believe that Essent... More
