Enact Holdings
ACT

$35.70

1.1%

Market Cap: $5.56B

About: Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.

Employees: 465

Financials Insurance Agents, Brokers & Service

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

94% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 18

37% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 54

10% more funds holding

Funds holding: 166 [Q1] → 183 (+17) [Q2]

0.22% more ownership

Funds ownership: 17.75% [Q1] → 17.97% (+0.22%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

2% less capital invested

Capital invested by funds: $879M [Q1] → $865M (-$14.1M) [Q2]

78% less call options, than puts

Call options by funds: $76K | Put options by funds: $346K

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$37

4%

upside

Avg. target

$37

4%

upside

High target

$37

4%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

BTIG

Ryan Gilbert

67% 1-year accuracy

2 / 3 met price target

4%upside

$37

Buy

Maintained

5 Aug 2024

See Analyst Rankings

Financial journalist opinion

Enact Provides Update on Capital Position Under New PMIERs Available Asset Guidelines

RALEIGH, N.C., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026.

Enact Provides Update on Capital Position Under New PMIERs Available Asset Guidelines

Enact Re, Ltd. Receives A- Rating from S&P Global Ratings

First Rating Assigned to Enact Re by S&P and Second Rating Since Launch Underscores Continued Strong Performance First Rating Assigned to Enact Re by S&P and Second Rating Since Launch Underscores Continued Strong Performance

Enact Re, Ltd. Receives A- Rating from S&P Global Ratings

Zacks Investment Research

New Strong Buy Stocks for August 7th

GRC, HGTY, APOG, AER and ACT have been added to the Zacks Rank #1 (Strong Buy) List on August 7, 2024.

New Strong Buy Stocks for August 7th

Zacks Investment Research

Enact Holdings, Inc. (ACT) Surpasses Q2 Earnings Estimates

Enact Holdings, Inc. (ACT) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.10 per share a year ago.

Enact Holdings, Inc. (ACT) Surpasses Q2 Earnings Estimates

Enact Reports Second Quarter 2024 Results and Announces Quarterly Dividend

GAAP Net Income of $184 million , or $1.16 per diluted share Adjusted Operating Income of $201 million , or $1.27 per diluted share Return on Equity of 15.4% and Adjusted Operating Return on Equity of 16.9% Record Primary insurance in-force of $266 billion , a 3% increase from second quarter 2023 PMIERs Sufficiency of 169% or $2,057 million Book Value Per Share of $30.91 and Book Value Per Share excluding AOCI of $32.43 Announces quarterly cash dividend of $0.185 per common share

Enact Reports Second Quarter 2024 Results and Announces Quarterly Dividend

Zacks Investment Research

Enact Holdings, Inc. (ACT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Enact Holdings (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.

Enact Holdings, Inc. (ACT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Enact Holdings: Defensive Play In A Corner Of The Housing Market

Enact Holdings, a mortgage insurance company, has outperformed the S&P 500 index over a two-year period in spite of low mortgage originations. However, the pace of gains has slowed, and the companies competing in the mortgage insurance sector all appear fairly valued at this time. Enact has shareholder-friendly management with a growing dividend and share repurchases, however opportunity for organic appreciation in the shares may be limited in the near term.

Enact Holdings: Defensive Play In A Corner Of The Housing Market

Zacks Investment Research

Can Enact Holdings (ACT) Keep the Earnings Surprise Streak Alive?

Enact Holdings (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.

Can Enact Holdings (ACT) Keep the Earnings Surprise Streak Alive?

Enact to Host Second Quarter 2024 Earnings Call August 1st

RALEIGH, N.C., July 09, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its second quarter earnings release after the market closes on July 31, 2024. Enact will host a conference call to review second quarter 2024 financial results on August 1, 2024 at 8:00 a.m. (ET).

Enact to Host Second Quarter 2024 Earnings Call August 1st

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

Secures approximately $90 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $90 million of excess of loss reinsurance coverage from panel of reinsurers

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

See News Rankings