Just noticed ESNT stock drops about 5% this morning after they reported Q4 earnings. Net income came in at $155M, down from $167.9M a year ago, and revenues also dipped slightly to $312.4M versus $315M prior year. Pretty straightforward miss on both fronts. The stock is now trading around $61.74 on NYSE, down 5.73% from yesterday's close. Opened at $61.01 and peaked at $63.79 during the session. Over the past year it's been bouncing between $51.61 and $67.09, so we're closer to the lower end of that range now. Earnings disappointments tend to hit mortgage insurance plays like this pretty hard. Worth keeping an eye on how it moves from here - could be a good entry if sentiment stabilizes or could keep sliding if the mortgage market stays weak.