Enact Holdings

Enact Holdings, Inc. operates as a holding company which provides mortgage insurance services. It provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans. The company was founded in 1981 and is headquartered in Raleigh, NC.

Earnings data Q1 2024

ACT reports strong Q1 earnings, adjusts strategies amid economic uncertainties

ACT's Q1 2023 earnings call highlighted strong financial performance, recognition of financial strength, and a prudent approach to managing economic uncertainties. The company is focused on enhancing product offerings, maintaining a strong balance sheet, and closely monitoring market dynamics to capitalize on opportunities.

Enact reports strong Q2 earnings, launches Enact Re reinsurer

Enact's Q2 2023 performance showcased robust financials, strong market positioning, and strategic initiatives. While challenges in competitive intensity and interest rate changes were discussed, the company's focus on sustained pricing and growth opportunities indicate a positive outlook. The launch of Enact Re and the share repurchase program further underscore the company's commitment to delivering value for shareholders.

ACT reports strong Q3 results and commits to significant capital return

ACT delivers strong financial performance, showcasing robust credit and investment income. The company demonstrates a commitment to shareholder value through significant capital return plans. However, potential challenges in managing capital and market dynamics are on the radar, while opportunities for expansion and customer-centric initiatives are in focus.

Enact (ACT) reports robust earnings, eyes growth amid challenges

Enact (ACT) delivered strong financial performance in Q4 2023, with strategic advancements and capital returns to shareholders. Despite challenges like economic uncertainty and credit quality concerns, Enact is well-positioned for growth opportunities in the mortgage insurance industry.

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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: What to Know Ahead of Q1 Release

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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.

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

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RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 1, 2024. Enact will host a conference call to review first quarter 2024 financial results on May 2, 2024 at 8:00 a.m. (ET).

Enact to Host First Quarter 2024 Earnings Call May 2nd

RALEIGH, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has completed an integration with PMI Rate Pro that enables lenders to order delegated mortgage insurance directly through their API platform.

Enact Integrated with PMI Rate Pro for Seamless Ordering

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ACT vs. RDN: Which Stock Is the Better Value Option?

RALEIGH, N.C., March 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report covering the calendar year 2023.

Enact Releases 2023 Environmental, Social, and Governance (ESG) Report

Enact Holdings, Inc. (ACT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Enact Holdings, Inc. (ACT): Will It Gain?

Enact Holdings (ACT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Enact Holdings (ACT) Stock a Solid Choice Right Now?

RALEIGH, N.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its Board of Directors declared a quarterly dividend of $0.16 per common share, payable on March 13, 2024, to shareholders of record on February 28, 2024. Future dividends will be subject to Board approval.

Enact Announces Quarterly Dividend

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Enact Holdings, Inc. (ACT) Q4 2023 Earnings Conference Call Transcript

Enact Holdings, Inc. (ACT) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.90 per share a year ago.

Enact Holdings, Inc. (ACT) Beats Q4 Earnings Estimates

_______________________________________ Fourth quarter GAAP Net Income of $157 million , or $0.98 per diluted share Full year GAAP Net Income of $666 million, or $4.11 per diluted share Fourth quarter Adjusted Operating Income of $158 million , or $0.98 per diluted share Full year Adjusted Operating Income of $676 million, or $4.18 per diluted share Fourth quarter Return on Equity of 13.8% and Adjusted Operating Return on Equity of 13.9% Full year Return on Equity of 15.2% and Adjusted Operating Return on Equity of 15.5% Record Primary insurance in-force of $263 billion , a 6% increase from fourth quarter 2022 PMIERs Sufficiency of 161% or $1,887 million Returned over $300 million of capital to shareholders in 2023 Book Value Per Share of $29.07 and Book Value Per Share excluding AOCI of $30.52

Enact Reports Fourth Quarter and Full Year 2023 Results

Secures approximately $255 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $255 million of excess of loss reinsurance coverage from panel of reinsurers

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

Enact Holdings, Inc. (ACT) doesn't possess 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) Reports Next Week: What Awaits?

RALEIGH, N.C., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 6, 2024. Enact will host a conference call to review fourth quarter 2023 financial results on February 7, 2024 at 8:00 a.m. (ET).

Enact to Host Fourth Quarter 2023 Earnings Call February 7th

Secures 21% of quota share reinsurance coverage from a panel of third-party reinsurance providers Secures 21% of quota share reinsurance coverage from a panel of third-party reinsurance providers

Enact Mortgage Insurance Enters into Quota Share Reinsurance Agreement

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Enact Holdings shareholders have seen a total return of 11.6% in the last six months, outperforming other mortgage insurers and the S&P. Industry analysts have upgraded Enact Holdings' select peers with positive outlooks for the mortgage insurance industry in 2024. Mortgage origination volumes are expected to remain low in 2024, with modest increases towards the end of the year and in 2025.

Enact Holdings: A Good Operator, But The Discount Is Gone

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The stock market has been on a tear in the past month, with the S&P500 up over 9%. Considering the market's annual average return to be around 10%, this is quite tremendous growth.

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

Are Finance Stocks Lagging Enact Holdings (ACT) This Year?

Secures $248 million of fully collateralized excess of loss insurance coverage from its Triangle Re Insurance Linked Note platform Secures $248 million of fully collateralized excess of loss insurance coverage from its Triangle Re Insurance Linked Note platform

Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program

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News for Enact Holdings Stock (ACT)