Enact Holdings (ACT)

• Market cap: $5.03B
• 1 day: 0.37%
• 5 days: -4.77%
• 1 month: -3.37%
• 3 months: -9.81%
• 6 months: 7.92%
• Year to date: 14.17%
• 1 year: 13.26%
• 5 years: 59.69%
• 10 years: 59.69%
• Sector: Financials
• Industry: Insurance Agents, Brokers & Service

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,282% more call options, than puts

Call options by funds: $705K | Put options by funds: $51K

31% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 58

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

18% more capital invested

Capital invested by funds: $874M [Q2] → $1.04B (+$161M) [Q3]

4% more funds holding

Funds holding: 185 [Q2] → 193 (+8) [Q3]

0.19% more ownership

Funds ownership: 18.16% [Q2] → 18.34% (+0.19%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

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

• Low target: $36 10% upside
• Avg. target: $40 21% upside
• High target: $43 31% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Keefe, Bruyette & Woods Bose George 63% 1-year accuracy 22 / 35 met price target	31% upside $43	Outperform Maintained	10 Dec 2024
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target	10% upside $36	Neutral Maintained	9 Dec 2024