Essent Group Ltd. (NYSE:ESNT) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.
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Essent Group Ltd. plays a vital role in the US housing finance system by offering private mortgage insurance that protects lenders against potential losses on low-down payment loans. Although mortgage insurance remains its core business, the company has been steadily expanding into title insurance, which covers issues related to property ownership transfers.
On October 7, Keefe Bruyette analyst Bose George increased the firm’s price target for Essent Group Ltd. from $67 to $71 while maintaining a Market Perform rating on the stock.
Essent Group Ltd. main focus is on maintaining strong partnerships with leading mortgage lenders, staying aligned with GSE regulations, and effectively managing credit risk through reinsurance and disciplined capital allocation. The company’s broader strategy centers on preserving credit quality, enhancing capital efficiency, and delivering solid returns to shareholders.
Essent Group Ltd. has been growing its dividends for five consecutive years, and during this period, it has raised its payouts at an annual average rate of nearly 14%. Its quarterly dividend comes in at $0.31 per share and has a dividend yield of 2.04%, as of October 30.
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