Enact Holdings (ACT)

• Market cap: $5.34B
• 1 day: 1.21%
• 5 days: 2.12%
• 1 month: 1.59%
• 3 months: 8.82%
• 6 months: -3.14%
• Year to date: 8.82%
• 1 year: 14.37%
• 5 years: 91.87%
• 10 years: -88.14%
• 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 will be used for the placement of mortgage insurance written on loans originated. The company is engaged in writing and assuming residential mortgage guaranty insurance.

Employees: 421

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

1,906% more call options, than puts

Call options by funds: $983K | Put options by funds: $49K

95% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 21

40% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 63

9% more funds holding

Funds holding: 194 [Q3] → 211 (+17) [Q4]

0.41% less ownership

Funds ownership: 18.8% [Q3] → 18.39% (-0.41%) [Q4]

14% less capital invested

Capital invested by funds: $1.06B [Q3] → $915M (-$148M) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]

Research analyst outlook

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

• Low target: $35 0% upside
• Avg. target: $38 8% upside
• High target: $41 17% upside

2 analyst ratings

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

JP Morgan Richard Shane 56% 1-year accuracy 35 / 62 met price target	0% downside $35	Neutral Maintained	14 Jan 2025
Keefe, Bruyette & Woods Bose George 68% 1-year accuracy 28 / 41 met price target	17% upside $41	Outperform Maintained	8 Jan 2025