Essent Group price target lowered to $71 from $72 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Essent Group (ESNT) to $71 from $72 and keeps an Outperform rating on the shares. Management’s commentary on the earnings call suggests that the delinquency uptick in Q4 was a result of expected portfolio seasoning, seasonality, and the impact from the late-2024 hurricanes, the analyst tells investors in a research note.