Enact Holdings, Inc. (ACT)
| Market Cap | 4.66B |
| Revenue (ttm) | 1.15B |
| Net Income (ttm) | 665.51M |
| Shares Out | 159.11M |
| EPS (ttm) | 4.11 |
| PE Ratio | 7.12 |
| Forward PE | 7.67 |
| Dividend | $0.47 (1.61%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 170,395 |
| Open | 29.37 |
| Previous Close | 29.31 |
| Day's Range | 29.25 - 29.64 |
| 52-Week Range | 21.81 - 31.26 |
| Beta | 0.54 |
| Analysts | Buy |
| Price Target | 30.67 (+4.75%) |
| Earnings Date | May 1, 2024 |
About ACT
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. It engages in writing and assuming residential mortgage guaranty insurance. The company also offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; contract underwriting services for mortgage lenders; and mortgage-related reinsurance products. It primarily serves originators of residential mortgage loans. The company was formerly known as Genworth Mortgage Holdings, Inc. and change... [Read more]
Financial Performance
In 2023, Enact Holdings's revenue was $1.15 billion, an increase of 5.36% compared to the previous year's $1.10 billion. Earnings were $665.51 million, a decrease of -5.49%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for ACT stock is "Buy." The 12-month stock price forecast is $30.67, which is an increase of 4.75% from the latest price.
News
Enact to Host First Quarter 2024 Earnings Call May 2nd
RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 1, 2024. Enact wi...
Enact Integrated with PMI Rate Pro for Seamless Ordering
RALEIGH, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that ...
Enact Releases 2023 Environmental, Social, and Governance (ESG) Report
RALEIGH, N.C., March 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report covering the cal...
Enact Announces Quarterly Dividend
RALEIGH, N.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it...
Enact Reports Fourth Quarter and Full Year 2023 Results
_______________________________________ Fourth quarter GAAP Net Income of $157 million , or $0.98 per diluted share Full year GAAP Net Income of $666 million, or $4.11 per diluted share Fourth quarter...
Enact Completes Forward XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program
Secures approximately $255 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $255 million of excess of loss reinsurance coverage from panel of reinsurers
Enact to Host Fourth Quarter 2023 Earnings Call February 7th
RALEIGH, N.C., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 6, 2024. Ena...
Enact Mortgage Insurance Enters into Quota Share Reinsurance Agreement
Secures 21% of quota share reinsurance coverage from a panel of third-party reinsurance providers Secures 21% of quota share reinsurance coverage from a panel of third-party reinsurance providers
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...
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 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