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 |
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
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the following operating subsidiaries of Enact Holdings, Inc. (EHI) (Delaware) (NASDAQ:ACT): Enact Mortgage Insurance Corporation (EMIC) and Enact Mortgage Insurance Corporation of North Carolina (EMIC-NC) (collectively referred to as the Enact US-domiciled companies). Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Enact Re Ltd. (ERL) (Bermuda). Lastly, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of EHI. The outlook
RALEIGH, N.C., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026. "The changes to the PMIERs requirements, which were developed in collaboration with the GSEs and FHFA, will further strengthen the risk-based capital framework for the private mortgage insurance industry. Enact remains well positioned for
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
Strategic Highlights Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $138M of gross incremental premium approvals; $29.2B estimated net present value achieved from in-force rate actions (IFAs) since 2012 CareScout continued to expand the CareScout Quality Network; now available in more than 40 states and covering greater than two-thirds of the aged 65-plus Census population in the United States Executed $36M in share repurchases in the quarter; $111M executed year-to-date through July 31, 2024, at an average price of $6.19 per share Repurchased $12M in principal of the company's subordinated notes at a discount Financial Highlights Net income2 of $7
GAAP Net Income of $184 million, or $1.16 per diluted shareAdjusted Operating Income of $201 million, or $1.27 per diluted shareReturn on Equity of 15.4% and Adjusted Operating Return on Equity of 16.9%Record Primary insurance in-force of $266 billion, a 3% increase from second quarter 2023PMIERs Sufficiency of 169% or $2,057 millionBook Value Per Share of $30.91 and Book Value Per Share excluding AOCI of $32.43Announces quarterly cash dividend of $0.185 per common share RALEIGH, N.C., July 31, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) today announced financial results for the second quarter of 2024. "We delivered a very strong performance in the second quarter that refl
UBS analyst Douglas Harter maintains Enact Holdings (NASDAQ:ACT) with a Neutral and raises the price target from $31 to $33.
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.
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 $0.185 per common share, an increase of 16% from the prior quarter's dividend. This dividend will be payable on June 13, 2024, to shareholders of record on May 29, 2024. Future dividends will be subject to Board approval. Additionally, Enact announced that its Board of Directors authorized a new share repurchase program under which the company may purchase up to $250 million of its common stock. The new share repurchase authorization is in addition to the company's current $100 million share
UBS initiated coverage of Enact Holdings with a rating of Neutral and set a new price target of $29.00
BofA Securities upgraded Enact Holdings from Neutral to Buy and set a new price target of $30.00
BofA Securities upgraded Enact Holdings from Underperform to Neutral and set a new price target of $27.00 from $25.00 previously
10-Q - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
SC 13G/A - Enact Holdings, Inc. (0001823529) (Subject)
SC 13G/A - Enact Holdings, Inc. (0001823529) (Subject)
SC 13G/A - Enact Holdings, Inc. (0001823529) (Subject)