Sell side coverage grows for Essent Group

|About: Essent Group Ltd. (ESNT)|By:, SA News Editor

Newly public mortgage insurer Essent Group (ESNT -1.9%) draws the interest of a number of desks with Macquarie, Barclays, JPMorgan, and KBW all starting the stock off at a Buy, and Credit Suisse at a Hold.

The stock got off to a rousing start, pricing its IPO at $17 - well above the expected range - and then shooting higher in its first day of trade on October 31. It's treaded water since amid tougher competition and lower premiums in the M/I sector.

See also: NMI Holdings goes public