Essent Group Ltd

ESNT is in a Stage 2 advancing phase with a corrective reset breakout confirming a renewed HH/HL sequence and rising EMAs. The primary Momentum Breakout pattern underscores strong demand and expansionary potential. While the medium-term bias remains bullish, short-term conditions are extended and overbought, warranting deferred entries. Preferred engagement is on pullbacks into the breakout zone and rising EMAs to ensure support acceptance before committing.

• ↑Q1 EPS $1.82 beat estimates; TTM operating cash flow of $827M supports capital returns
• ↑Repurchased ~3.5M shares for $214M in 2026 to optimize shareholder value
• ↓High mortgage rates curb affordability, limiting new insurance volume