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

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Press Releases

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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
$GNW
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Enact to Host Third Quarter 2024 Earnings Call November 7th
RALEIGH, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 6, 2024. Enact will host a conference call to review third quarter 2024 financial results on November 7, 2024 at 8:00 a.m. (ET). Enact's earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Participants interested in joining the call's live question and answer session are required to pre-register by clicking here to obtain a dial-in number and unique PIN. It is recommended to jo
10/8/24 8:40:00 AM ET
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AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to "bb-" (Fair) from "b+" (Marginal) of Genworth Financial, Inc. (NYSE:GNW) and Genworth Holdings, Inc. (both domiciled in Delaware), as well their Long-Term Issue Credit Ratings (Long-Term IRs). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the Long-Term IRs.) In addition, AM Best affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term ICR of "bb-" (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of these ratings has been revised to stable from negative. Additionally, AM Best has affirmed the FSR of C++ (Margin
8/28/24 4:31:00 PM ET
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$GNW
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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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Life Insurance
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). Enact's earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Participants interested in joining the call's live question and answer session are required to pre-register by clicking here to obtain a dial-in number and unique PIN. It is recommended to jo
10/8/24 8:40:00 AM ET
$ACT
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AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to "bb-" (Fair) from "b+" (Marginal) of Genworth Financial, Inc. (NYSE:GNW) and Genworth Holdings, Inc. (both domiciled in Delaware), as well their Long-Term Issue Credit Ratings (Long-Term IRs). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the Long-Term IRs.) In addition, AM Best affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term ICR of "bb-" (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of these ratings has been revised to stable from negative. Additionally, AM Best has affirmed the FSR of C++ (Margin
8/28/24 4:31:00 PM ET
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$GNW
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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
Press Releases

Fastest customizable press release news feed in the world

Genworth Financial Schedules Earnings Conference Call for November 7

Enact to Host Third Quarter 2024 Earnings Call November 7th

AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries

$ACT
Financials

Live finance-specific insights

Genworth Financial Schedules Earnings Conference Call for November 7

Enact to Host Third Quarter 2024 Earnings Call November 7th

AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries

$ACT
Large Ownership Changes

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SEC Form SC 13G/A filed by Enact Holdings Inc. (Amendment)

SEC Form SC 13G/A filed by Enact Holdings Inc. (Amendment)

SEC Form SC 13G/A filed by Enact Holdings Inc. (Amendment)

$ACT
Insider Trading

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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

Enact Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

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Market Insights

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