Enact Holdings, Inc. (ACT)

NASDAQ: ACT · IEX Real-Time Price · USD
24.52
-0.11 (-0.45%)
Nov 25, 2022 1:00 PM EDT - Market closed
-0.45%
Market Cap 4.01B
Revenue (ttm) 1.09B
Net Income (ttm) 713.89M
Shares Out 162.84M
EPS (ttm) 4.38
PE Ratio 5.60
Forward PE 7.54
Dividend $1.54 (6.28%)
Ex-Dividend Date Nov 17, 2022
Volume 73,903
Open 24.8
Previous Close 24.63
Day's Range 24.44 - 24.9
52-Week Range 18.76 - 28.37
Beta n/a
Analysts Buy
Price Target 26.23 (+7.0%)
Earnings Date Nov 1, 2022

About ACT

Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headqua... [Read more]

Industry Insurance-Specialty
IPO Date Sep 16, 2021
CEO Rohit Gupta
Employees 503
Stock Exchange NASDAQ
Ticker Symbol ACT
Full Company Profile

Financial Performance

In 2021, Enact Holdings's revenue was $1.12 billion, an increase of 1.03% compared to the previous year's $1.11 billion. Earnings were $546.69 million, an increase of 47.58%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ACT stock is "Buy." The 12-month stock price forecast is 26.23, which is an increase of 6.97% from the latest price.

Price Target
$26.23
(6.97% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Enact Holdings, Inc. (ACT) Q3 Earnings Surpass Estimates

Enact Holdings, Inc. (ACT) delivered earnings and revenue surprises of 31.46% and 0.09%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Enact Reports Third Quarter 2022 Results and Announces Quarterly Dividend

GAAP Net Income of $191 million , or $1.17 per diluted share Adjusted Operating Income of $191 million, or $1.17 per diluted share Return on Equity of 18.6% and Adjusted Operating Return on Equity of 18...

3 weeks ago - GlobeNewsWire

Enact Declares Special Cash Dividend of $183 Million and Initiates $75 Million Share Repurchase Program

RALEIGH, N.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $183 million, or $1.12 per com...

3 weeks ago - GlobeNewsWire

Enact Holdings, Inc. (ACT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Enact Holdings, Inc. (ACT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Will Enact Holdings, Inc. (ACT) Beat Estimates Again in Its Next Earnings Report?

Enact Holdings, Inc. (ACT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research

Enact to Host Third Quarter 2022 Earnings Call November 2nd

RALEIGH, N.C., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its third quarter earnings release after the market closes on November 1, 2022. ...

1 month ago - GlobeNewsWire

Enact Mortgage Insurance Completes XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program

Secures approximately $201 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $201 million of excess of loss reinsurance coverage from panel of reinsurers

2 months ago - GlobeNewsWire

JPMorgan downgrades Discover Financial, Rocket Mortgage, Enact Holdings as it eyes interest rate hikes

JPMorgan Chase analysts on Tuesday cut their ratings on three consumer finance companies after Federal Reserve Chairman Jerome Powell signaled the central bank's determination to continue hiking interes...

Other symbols: DFSRKT
2 months ago - Market Watch

Enact Announces Neenu Kainth as Chief Customer Experience Officer

RALEIGH, N.C., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced mortgage...

3 months ago - GlobeNewsWire

Enact Reports Second Quarter 2022 Results

Second quarter GAAP Net Income of $205 million , or $1.25 per diluted share Second quarter Adjusted Operating Income of $205 million, or $1.26 per diluted share Second quarter return on equity of 20.1% ...

3 months ago - GlobeNewsWire

Enact Receives Ratings Upgrade from Moody's

Continued Improvements in Financial Flexibility and Capital Position Drive Upgrade Continued Improvements in Financial Flexibility and Capital Position Drive Upgrade

4 months ago - GlobeNewsWire

Enact to Host Second Quarter 2022 Earnings Call August 2nd

RALEIGH, N.C., July 08, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its second quarter earnings release after the market closes on August 1, 2022. E...

4 months ago - GlobeNewsWire

7 Value Stocks to Buy for Rising Rates

7 value stocks with solid fundamentals to buy and wait for upside potential to beat the rising rates in 2022. The post 7 Value Stocks to Buy for Rising Rates appeared first on InvestorPlace.

Other symbols: BCSBEDUDDIEHMLPRFP
5 months ago - InvestorPlace

Enact Reports First Quarter 2022 Results

First quarter GAAP Net Income of $165 million, or $1.01 per diluted share  First quarter Adjusted Net Operating Income of $165 million, or $1.01 per diluted share  First quarter return on equity of 16.2...

6 months ago - GlobeNewsWire

Enact Initiates Dividend Program and Announces Inaugural Quarterly Dividend

RALEIGH, N.C., April 28, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it...

6 months ago - GlobeNewsWire

Enact to Host First Quarter 2022 Earnings Call May 4th

RALEIGH, N.C., April 05, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its first quarter earnings release after the market closes on May 3, 2022. Enac...

7 months ago - GlobeNewsWire

Genworth Financial Schedules Earnings Conference Call For May 4th

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial Schedules First Quarter Earnings Conference Call For May 4th

Other symbols: GNW
7 months ago - Business Wire

Enact Reports Fourth Quarter and Full Year 2021 Results

Fourth quarter GAAP Net Income of $154 million, or $0.94 per diluted share  Full year GAAP Net Income of $547 million, or $3.36 per diluted share  Fourth quarter Adjusted Net Operating Income of $154 mi...

9 months ago - GlobeNewsWire

Is Enact Holdings, Inc. (ACT) Outperforming Other Finance Stocks This Year?

Here is how Enact Holdings, Inc. (ACT) and AllianceBernstein (AB) have performed compared to their sector so far this year.

10 months ago - Zacks Investment Research

Enact to Host Fourth Quarter 2021 Earnings Call February 2nd

RALEIGH, N.C., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its fourth quarter earnings release after the market closes on February 1, 2022....

10 months ago - GlobeNewsWire

Genworth Completes Redemption of Outstanding 2023 Senior Notes

RICHMOND, Va., Dec. 15, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) ("Genworth"), announced today that Genworth Holdings, Inc. ("Genworth Holdings"), its direct wholly-owned subsidiary, ha...

Other symbols: GNW
11 months ago - PRNewsWire

Enact Declares Special Cash Dividend of $1.23 Per Share

RALEIGH, N.C., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $200 million, or $1.23 per com...

1 year ago - GlobeNewsWire

Enact Reports Third Quarter 2021 Results

GAAP Net Income of $137 million, or $0.84 per diluted share Adjusted Net Operating Income of $137 million, or $0.84 per diluted share 13.2% return on equity and 13.2% adjusted return on equity $25.80 bo...

1 year ago - GlobeNewsWire

Enact Releases Monthly Operating Statistics

RALEIGH, N.C., Oct. 13, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today released monthly operating statistics related to credit performance of their insurance portfolio for the mon...

1 year ago - PRNewsWire

Enact Mourns the Death of Board Member General Raymond T. Odierno

RALEIGH, N.C., Oct. 12, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) mourns the passing of its Board Member, General Raymond T.

1 year ago - PRNewsWire