Essent Group price target lowered to $67 from $73 at RBC Capital

RBC Capital lowered the firm’s price target on Essent Group (ESNT) to $67 from $73 but keeps an Outperform rating on the shares after its earnings miss. The company’s Q3 results reflected healthy fundamentals across the business however and featured highly profitable combined ratios, notable reserve releases, and high persistency levels, with volume a bit better than RBC forecast, the analyst tells investors in a research note.