Essent Group Ltd’s recent filing unveils that its SVP and CFO WEINSTOCK DAVID B unloaded Company’s shares for reported $0.13 million on Sep 18 ’24. In the deal valued at $63.59 per share,2,000 shares were sold. As a result of this transaction, WEINSTOCK DAVID B now holds 25,416 shares worth roughly $1.44 million.
Then, WEINSTOCK DAVID B bought 2,000 shares, generating $127,179 in total proceeds.
Before that, KASMAR ROY JAMES sold 5,000 shares. Essent Group Ltd shares valued at $294,050 were divested by the Director at a price of $58.81 per share. As a result of the transaction, KASMAR ROY JAMES now holds 27,140 shares, worth roughly $1.54 million.
Barclays downgraded its Essent Group Ltd [ESNT] rating to an Equal weight from a an Overweight in a research note published on January 06, 2025; the price target was decreased to $58 from $69. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early August from “a Mkt perform” to “an Outperform”. JP Morgan also remained covering ESNT and has decreased its forecast on April 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on December 06, 2023. It rated ESNT as “a Neutral”.
Price Performance Review of ESNT
On Tuesday, Essent Group Ltd [NYSE:ESNT] saw its stock jump 0.69% to $56.81. Over the last five days, the stock has gained 0.89%. Essent Group Ltd shares have risen nearly 4.35% since the year began. Nevertheless, the stocks have risen 8.60% over the past one year. While a 52-week high of $65.33 was reached on 01/28/25, a 52-week low of $52.15 was recorded on 01/06/25. SMA at 50 days reached $56.27, while 200 days put it at $58.56.
Levels Of Support And Resistance For ESNT Stock
The 24-hour chart illustrates a support level at 56.26, which if violated will result in even more drops to 55.71. On the upside, there is a resistance level at 57.42. A further resistance level may holdings at 58.02. The Relative Strength Index (RSI) on the 14-day chart is 48.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.11%. Stochastics %K at 28.92% indicates the stock is a holding.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
