Essent Group Ltd (ESNT)

MGIC(MTG) IS UNDERVALUED RELATIVE TO OTHER PMI COMPANIES

Most PRIVATE MORTGAGE INSURANCE(PMI) COMPANIES have attractive valuation metrics, when compared to the average valuation of The S&P 500 INDEX of companies.

MGIC INVESTMENT(MTG) is particularly attractive and is undervalued, presenting a good opportunity for investors.

These are recent price/earnings ratios and price/book value ratios. Price to book ratio is calculated by dividing the market price of a stock by it's accounting book value on it's Financial Statements issued annually or quarterly:


NAME ...PE ...FWD PE PRICE/BOOK*

MGIC.... 7.35. 7.66 .. 1.12

RADIAN. 8.29. .7.55. . 1.28
ESNT..... 9.54 . 8.28. . 1.80

NMIH . 14.29. .9.24. . 2.34
*S&P 500 PRICE TO BOOK VALUE 2.80

MGIC'S P/E ratio is the lowest of the four companies presented here. NMI HOLDINGS has the highest because, analysts expect NMI HOLDINGS to grow it's net income higher in a few years and lower it's P/E ratio, at least that's the ASSUMPTION!

In addition, NMI HOLDINGS also has the highest PRICE/BOOK RATIO. Once again analyst expect, that NMI HOLDINGS'S book price $11.88 Will grow to $27.33 on it's
FINANCIAL Statements in a few years, at least that's the assumption!

The implications of a high price/book value is that is no cash or capital on the balance sheet to back up the inflated price. So, if some financial need arises in the way of liabilities, OH WELL!

Consider putting some money into MGIC, who has been in business for 62 years. They have $1.1 billion in excess cash assets over PMIERS REQUIREMENTS, which theoretically adds $3.11 to it's book vale for a total of $15.82 in book value.

MGIC started the PMI business in 1957 and has the highest net operating income at $660 million annually as of 2018 in the industry.

News: $ESNT Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call For February 8, 2019

Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, February 8, 2019, at 10:00 a.m. Eastern time to discuss the Company’s fourth quarter and full year 2018 results, which will be announced prior to the market open on the same day. The conf...

Find out more https://marketwirenews.com/news-releases/essent-group-ltd-schedules-fourth-quarter-earnings-conference-call-for-february-8-2019-6997972.html

Decent performer ...

Ah for the longest . Each time ive heard FnF being Wound down , I immediately thought Shut Down , Doors closed , like effects of a BK
Thou i see my misunderstanding
Of all this winding down as Not
Eliminated but in short Share the Wealth .. I didnt catch what this was all about until i read part were on 200k loan FnF will only secure 150k and the rest got to say essent or?

My thing is i dont have 24/7 to study
All the stuff im interested in , trading wise. POT STOCKS DD Today lol

Not too sure what that post is supposed to mean....care to elaborate?

Wound Down ~ Huh.

News Out Yahooe

http://news.yahoo.com/senators-urge-fannie-freddie-aid-lower-income-households-191527352--sector.html.

ESNT GOING BIG

ESNT on the run.

This is about to turn into a hell of a play.

Massive late afternoon here.

Doing well here as expected...

MonestHind, thank-you. Good luck to you as well!

I am looking forward to that as well. I have good reason to believe things will look very nice on that front. Good luck!

MonestHind, I'm personally waiting for quarterly earnings report. I'll cross that bridge when it comes, until then I'll be watching.

Very interesting, indeed

marked and hell yeah, watching

It's only a matter of time. The GSEs are being wound down and private insurers will fill that void. Essent is already fundamentally strong, so this is an obvious buy. I'm confident in and looking forward to the future in ESNT.

Great long.

New board.