Enact Holdings, Inc. (ACT)
| Market Cap | 4.61B |
| Revenue (ttm) | 1.13B |
| Net Income (ttm) | 652.01M |
| Shares Out | 159.70M |
| EPS (ttm) | 4.02 |
| PE Ratio | 7.19 |
| Forward PE | 7.89 |
| Dividend | $0.45 (1.55%) |
| Ex-Dividend Date | Nov 15, 2023 |
| Volume | 105,213 |
| Open | 29.24 |
| Previous Close | 29.23 |
| Day's Range | 28.89 - 29.24 |
| 52-Week Range | 20.84 - 29.74 |
| Beta | 0.55 |
| Analysts | Buy |
| Price Target | 28.00 (-3.08%) |
| Earnings Date | Feb 5, 2024 |
About ACT
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. It is involved in writing and assuming residential mortgage guaranty insurance. The company offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. It primarily serves residential mortgage loan originators. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 20... [Read more]
Financial Performance
In 2022, Enact Holdings's revenue was $1.10 billion, a decrease of -2.04% compared to the previous year's $1.12 billion. Earnings were $704.16 million, an increase of 28.80%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for ACT stock is "Buy." The 12-month stock price forecast is $28.0, which is a decrease of -3.08% from the latest price.
News
Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program
Secures $248 million of fully collateralized excess of loss insurance coverage from its Triangle Re Insurance Linked Note platform Secures $248 million of fully collateralized excess of loss insurance...
Enact Reports Third Quarter 2023 Results
_______________________________________ GAAP Net Income of $164 million , or $1.02 per diluted share Adjusted Operating Income of $164 million , or $1.02 per diluted share Return on Equity of 14.9% an...
Enact Declares Quarterly Dividend of $26 Million and Special Dividend of $113 Million
RALEIGH, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a quarterly cash dividend of $26 million, or $0.16 per...
Enact to Host Third Quarter 2023 Earnings Call November 2nd
RALEIGH, N.C., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 1, 2023. Enac...
Enact Announces Quarterly Dividend
RALEIGH, N.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it...
AM Best Assigns Credit Ratings to Enact Holdings, Inc. and Operating Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) to the fol...
Enact Reports Second Quarter 2023 Results
GAAP Net Income of $168 million, or $1.04 per diluted share Adjusted Operating Income of $178 million, or $1.10 per diluted share Return on Equity of 15.5% and Adjusted Operating Return on Equity of 1...
Enact Announces New $100 Million Share Repurchase Program
RALEIGH, N.C. , Aug. 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced its Board of Directors has approved a new share repurchase program with authorization to purchase...
Enact to Host Second Quarter 2023 Earnings Call August 2nd
RALEIGH, N.C., July 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its second quarter earnings release after the market closes on August 1, 2023. Enact...
Enact Mortgage Insurance Enters into Quota Share Reinsurance Agreement
Secures 13.125% of quota share reinsurance coverage from a panel of third-party reinsurance providers Secures 13.125% of quota share reinsurance coverage from a panel of third-party reinsurance provid...
Enact Reports First Quarter 2023 Results
First quarter GAAP Net Income of $176 million , or $1.08 per diluted share First quarter Adjusted Operating Income of $176 million , or $1.08 per diluted share First quarter Return on Equity of 16.8% ...
Enact Announces an Increase to Quarterly Dividend
RALEIGH, N.C., May 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it...
Enact Receives Ratings Upgrade from Fitch Ratings
Underscoring Enact's Strong Performance and Robust Capital Position, Holding Company Achieves Investment Grade Senior Debt Rating Underscoring Enact's Strong Performance and Robust Capital Position, H...
Enact Releases Inaugural 2022 Environmental, Social, and Governance (ESG) Report
RALEIGH, N.C., April 11, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced the release of its inaugural 2022 Environmental, Social, and Governance (ESG) Report covering the c...
Enact to Host First Quarter 2023 Earnings Call May 4th
RALEIGH, N.C., April 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 3, 2023. Enact wi...
Enact Announces Integration with Vesta's Loan Origination System
Enact Rate Quotes and MI Ordering Now Available Directly Through Vesta Enact Rate Quotes and MI Ordering Now Available Directly Through Vesta
Enact Announces Integration with Blend to Digitally Enhance the Mortgage Application Process
Enact Rate Quotes Now Available in Blend Enact Rate Quotes Now Available in Blend
GSEs Confirm Satisfaction of the GSE Conditions and Lifting of the GSE Restrictions
RALEIGH, N.C., March 09, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that ...
Enact Mortgage Insurance Completes XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program
Secures approximately $180 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $180 million of excess of loss reinsurance coverage from panel of reinsurers
Enact Welcomes Jerome Upton to its Board of Directors
RALEIGH, N.C., March 02, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, has appointed Jerome U...
Enact Receives Ratings Upgrade from Moody's
Third Moody's Upgrade Since IPO Underscores Enact's Continued Strong Performance and Robust Capital Position Third Moody's Upgrade Since IPO Underscores Enact's Continued Strong Performance and Robust...
Enact Receives Ratings Upgrade from S&P Global Ratings
Second Upgrade from S&P Global Ratings Since IPO Underscores Enact's Continued Strong Performance and Strong Capital Position Second Upgrade from S&P Global Ratings Since IPO Underscores Enact's Conti...
Enact Reports Fourth Quarter 2022 Results
Fourth quarter GAAP Net Income of $144 million , or $0.88 per diluted share Full year GAAP Net Income of $704 million , or $4.31 per diluted share Fourth quarter Adjusted Operating Income of $147 mill...
Enact To Participate at the Bank of America 2023 Financial Services Conference
RALEIGH, N.C., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that the company's Chief Executive Officer, Rohit Gupta, and Chief Financial Officer, Dean M...
Enact Releases 2023 Environmental, Social, and Governance (ESG) Roadmap
RALEIGH, N.C., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact or Company) today announced that it has published its 2023 Environmental, Social, and Governance (ESG) Roadma...