Enact HoldingsACT
ACT
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
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
55% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 22
29% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 59
19% more capital invested
Capital invested by funds: $894M [Q2] → $1.06B (+$167M) [Q3]
5% more funds holding
Funds holding: 185 [Q2] → 194 (+9) [Q3]
0.23% more ownership
Funds ownership: 18.57% [Q2] → 18.8% (+0.23%) [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
$35
8%
upside
Avg. target
$38
17%
upside
High target
$41
26%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JP Morgan Richard Shane 61% 1-year accuracy 37 / 61 met price target | 8%upside $35 | Neutral Maintained | 14 Jan 2025 |
Keefe, Bruyette & Woods Bose George 66% 1-year accuracy 25 / 38 met price target | 26%upside $41 | Outperform Maintained | 8 Jan 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Enact to Host Fourth Quarter 2024 Earnings Call February 5th
RALEIGH, N.C., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 4, 2025. Enact will host a conference call to review fourth quarter 2024 financial results on February 5, 2025 at 8:00 a.m. (ET).
Neutral
Zacks Investment Research
3 weeks ago
Here's Why Enact Holdings (ACT) is Poised for a Turnaround After Losing -8.06% in 4 Weeks
Enact Holdings (ACT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Neutral
GlobeNewsWire
1 month ago
Enact Mortgage Insurance Enters into Two Quota Share Reinsurance Agreements
Secures 27% of forward quota share reinsurance coverage from a panel of third-party reinsurance providers Secures 27% of forward quota share reinsurance coverage from a panel of third-party reinsurance providers
Neutral
Seeking Alpha
2 months ago
Enact Holdings, Inc. (ACT) Q3 2024 Earnings Call Transcript
Enact Holdings, Inc. (NASDAQ:ACT ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Daniel Kohl - Vice President, Finance & Investor Relations Rohit Gupta - President & Chief Executive Officer Dean Mitchell - Chief Financial Officer & Treasurer Conference Call Participants Doug Harter - UBS Mihir Bhatia - Bank of America Bose George - KBW Richard Shane - JPMorgan Operator Good day and welcome to the Enact Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Positive
Zacks Investment Research
2 months ago
Enact Holdings, Inc. (ACT) Q3 Earnings and Revenues Top Estimates
Enact Holdings, Inc. (ACT) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.02 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend
GAAP Net Income of $181 million, or $1.15 per diluted share Adjusted Operating Income of $182 million, or $1.16 per diluted share Return on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8% Record Primary insurance in-force of $268 billion, a 2% increase from third quarter 2023 PMIERs Sufficiency of 173% or $2,190 million Book Value Per Share of $32.61 and Book Value Per Share excluding AOCI of $33.27 Announces quarterly cash dividend of $0.185 per common share
Positive
Zacks Investment Research
2 months ago
Enact Holdings, Inc. (ACT) Expected to Beat Earnings Estimates: Should You Buy?
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.
Positive
Zacks Investment Research
3 months ago
Why Enact Holdings (ACT) Could Beat Earnings Estimates Again
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.
Neutral
GlobeNewsWire
3 months ago
Enact to Host Third Quarter 2024 Earnings Call November 7th
RALEIGH, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 6, 2024. Enact will host a conference call to review third quarter 2024 financial results on November 7, 2024 at 8:00 a.m. (ET).
Positive
Zacks Investment Research
3 months ago
Is Enact Holdings (ACT) Outperforming Other Finance Stocks This Year?
Here is how Enact Holdings, Inc. (ACT) and Arch Capital Group (ACGL) have performed compared to their sector so far this year.
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