Enact Holdings Q1 2024 Adj EPS $1.04 Beats $0.96 Estimate, Sales $291.576M Miss $294.116M Estimate

5/1/24 6:08:24 PM ET

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Enact Holdings (NASDAQ:ACT) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $0.96 by 8.33 percent. This is a 3.7 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $291.576 million which missed the analyst consensus estimate of $294.116 million by 0.86 percent. This is a 3.79 percent increase over sales of $280.939 million the same period last year.

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Recent Analyst Ratings for
$ACT

Date	Price Target	Rating	Analyst
12/6/2023	$29.00	Neutral	UBS
11/13/2023	$30.00	Neutral → Buy	BofA Securities
5/9/2023	$25.00 → $27.00	Underperform → Neutral	BofA Securities
2/8/2023	$25.00 → $26.50	Mkt Perform → Outperform	Keefe Bruyette
1/9/2023	$24.50	Neutral → Underperform	Credit Suisse
9/6/2022	$27.00	Overweight → Neutral	JP Morgan
8/18/2022	$25.00	Neutral → Underperform	BofA Securities
7/18/2022	$28.00 → $27.00	Outperform → Mkt Perform	Keefe Bruyette

More analyst ratings

$ACT
Financials

Live finance-specific insights

Genworth Financial Announces Third Quarter 2024 Results
Strategic Highlights Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $124M of gross incremental premium approvals; approximately $30B estimated net present value achieved from in-force rate actions (IFAs) since 2012 Expanded the CareScout Quality Network to 49 states through October, covering over 75% of the aged 65-plus Census population in the United States; on track to achieve 80% to 85% coverage by year-end Executed $36M in share repurchases in the quarter; $144M executed year-to-date through October at an average price of $6.29 per share Repurchased $17M in principal of holding company debt at a discount Financial Highlights Net income2 of $85M, or $
11/6/24 6:28:00 PM ET
$ACT
$GNW
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Life Insurance
Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend
GAAP Net Income of $181 million, or $1.15 per diluted shareAdjusted Operating Income of $182 million, or $1.16 per diluted shareReturn 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 2023PMIERs Sufficiency of 173% or $2,190 millionBook Value Per Share of $32.61 and Book Value Per Share excluding AOCI of $33.27Announces quarterly cash dividend of $0.185 per common share RALEIGH, N.C., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) today announced financial results for the third quarter of 2024. "Our strong third-quarter performance underscores the continued successfu
11/6/24 4:12:00 PM ET
$ACT
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Finance
Genworth Financial Schedules Earnings Conference Call for November 7
Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 6, 2024. A conference call will be held on November 7, 2024, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's November 7 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID #1689846. To participate in t
10/10/24 4:15:00 PM ET
$ACT
$GNW
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Finance
Life Insurance

Genworth Financial Announces Third Quarter 2024 Results
Strategic Highlights Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $124M of gross incremental premium approvals; approximately $30B estimated net present value achieved from in-force rate actions (IFAs) since 2012 Expanded the CareScout Quality Network to 49 states through October, covering over 75% of the aged 65-plus Census population in the United States; on track to achieve 80% to 85% coverage by year-end Executed $36M in share repurchases in the quarter; $144M executed year-to-date through October at an average price of $6.29 per share Repurchased $17M in principal of holding company debt at a discount Financial Highlights Net income2 of $85M, or $
11/6/24 6:28:00 PM ET
$ACT
$GNW
Specialty Insurers
Finance
Life Insurance
Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend
GAAP Net Income of $181 million, or $1.15 per diluted shareAdjusted Operating Income of $182 million, or $1.16 per diluted shareReturn 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 2023PMIERs Sufficiency of 173% or $2,190 millionBook Value Per Share of $32.61 and Book Value Per Share excluding AOCI of $33.27Announces quarterly cash dividend of $0.185 per common share RALEIGH, N.C., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) today announced financial results for the third quarter of 2024. "Our strong third-quarter performance underscores the continued successfu
11/6/24 4:12:00 PM ET
$ACT
Specialty Insurers
Finance
Genworth Financial Schedules Earnings Conference Call for November 7
Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 6, 2024. A conference call will be held on November 7, 2024, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's November 7 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID #1689846. To participate in t
10/10/24 4:15:00 PM ET
$ACT
$GNW
Specialty Insurers
Finance
Life Insurance

Enact Holdings Q1 2024 Adj EPS $1.04 Beats $0.96 Estimate, Sales $291.576M Miss $294.116M Estimate

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Recent Analyst Ratings for
$ACT

$ACT
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Genworth Holdings, Inc. sold $24,509,425 worth of shares (682,729 units at $35.90) (SEC Form 4)

Large owner Genworth Holdings, Inc. sold $24,227,380 worth of shares (673,037 units at $36.00) (SEC Form 4)

EVP and Chief Risk Officer Derstine Michael converted options into 25,347 shares and covered exercise/tax liability with 9,346 shares, increasing direct ownership by 152% to 26,495 units (SEC Form 4)

$ACT
SEC Filings

SEC Form 10-Q filed by Enact Holdings Inc.

Enact Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Enact Holdings Inc.

$ACT
Market Insights

Live Market Insights

UBS Maintains Neutral on Enact Holdings, Raises Price Target to $33