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 |
10/12/2021 | $24.00 | Buy | Citigroup |
10/11/2021 | $23.00 | Neutral | BofA Securities |
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 $
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
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
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
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
RALEIGH, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that S&P Global Ratings has assigned an A- rating to Enact Re, Ltd. (Enact Re), a subsidiary of Enact Mortgage Insurance Company (EMICO). The outlook for the ratings is stable. "We are pleased to have Enact Re Ltd. receive its first credit rating from S&P," said Rohit Gupta, Enact's President and Chief Executive Officer. "This rating is a testament to our continued strong capital position and disciplined execution. Looking ahead, we're committed to maintaining robust financial health and serving our
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 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
Keefe Bruyette upgraded Enact Holdings from Mkt Perform to Outperform and set a new price target of $26.50 from $25.00 previously
Credit Suisse downgraded Enact Holdings from Neutral to Underperform and set a new price target of $24.50
JP Morgan downgraded Enact Holdings from Overweight to Neutral and set a new price target of $27.00
BofA Securities downgraded Enact Holdings from Neutral to Underperform and set a new price target of $25.00
Keefe Bruyette downgraded Enact Holdings from Outperform to Mkt Perform and set a new price target of $27.00 from $28.00 previously
Citigroup initiated coverage of Enact Holdings with a rating of Buy and set a new price target of $24.00
BofA Securities initiated coverage of Enact Holdings with a rating of Neutral and set a new price target of $23.00
10-Q - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
10-Q - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
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8-K - Enact Holdings, Inc. (0001823529) (Filer)
424B5 - Enact Holdings, Inc. (0001823529) (Filer)
10-Q - Enact Holdings, Inc. (0001823529) (Filer)
8-K - Enact Holdings, Inc. (0001823529) (Filer)
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SC 13G - Enact Holdings, Inc. (0001823529) (Subject)
SC 13G - Enact Holdings, Inc. (0001823529) (Subject)
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
https://www.sec.gov/Archives/edgar/data/1823529/000114036124019375/ny20024584x1_s3asr.htm
Keefe, Bruyette & Woods analyst Bose George maintains Enact Holdings (NASDAQ:ACT) with a Outperform and raises the price target from $35 to $37.
JP Morgan analyst Richard Shane maintains Enact Holdings (NASDAQ:ACT) with a Neutral and raises the price target from $30 to $31.
Monday marks the last chance for investors to receive the next dividend payout from Enact Holdings (NASDAQ:ACT). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 16 cents per share. On Tuesday, Enact Holdings will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 16 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own ACT as of the end of Monday's session are eligible to receive the 16 cents dividend payo
Enact Holdings (NASDAQ:ACT) reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:20 PM. Here's what investors need to know about the announcement. Earnings Enact Holdings beat estimated earnings by 6.52%, reporting an EPS of $0.98 versus an estimate of $0.92. Revenue was up $19.35 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.14 which was followed by a 0.87% increase in the share price the next day. Here's a look at Enact Holdings's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.88 0.82 0.80 0.84 EPS Actual 1.02 1.10 1.08 0.90 Revenue Estimate 291.37M 285.54M 272.28M 277.25M R
Enact Holdings (NASDAQ:ACT) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.92 by 6.52 percent. This is a 8.89 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $296.19 million which missed the analyst consensus estimate of $299.81 million by 1.21 percent. This is a 6.99 percent increase over sales of $276.84 million the same period last year.
Companies Reporting Before The Bell • BP (NYSE:BP) is projected to report quarterly earnings at $1.05 per share on revenue of $53.50 billion. • AudioCodes (NASDAQ:AUDC) is projected to report quarterly earnings at $0.23 per share on revenue of $63.49 million. • UBS Gr (NYSE:UBS) is expected to report quarterly earnings at $0.23 per share on revenue of $10.28 billion. • Frontier Group Holdings (NASDAQ:ULCC) is expected to report quarterly loss at $0.23 per share on revenue of $893.33 million. • Cerence (NASDAQ:CRNC) is expected to report quarterly earnings at $0.90 per share on revenue of $131.13 million. • PJT Partners (NYSE:PJT) is estimated to report quarterly earnings at $0.88 per s
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
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4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
4 - Enact Holdings, Inc. (0001823529) (Issuer)
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 $
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
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
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
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
Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing second quarter results after the market closes on July 31, 2024. A conference call will be held on August 1, 2024, at 10:00 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 August 1 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 1968462. To participate in the
RALEIGH, N.C., July 09, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) announced it will issue its second quarter earnings release after the market closes on July 31, 2024. Enact will host a conference call to review second quarter 2024 financial results on August 1, 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 join
GAAP Net Income of $161 million, or $1.01 per diluted shareAdjusted Operating Income of $166 million, or $1.04 per diluted shareReturn on Equity of 13.8% and Adjusted Operating Return on Equity of 14.2%Record Primary insurance in-force of $264 billion, a 4% increase from first quarter 2023PMIERs Sufficiency of 163% or $1,883 millionBook Value Per Share of $29.89 and Book Value Per Share excluding AOCI of $31.40 RALEIGH, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) today announced financial results for the first quarter of 2024. "Our strong performance in the first quarter establishes a solid foundation for the rest of the year," said Rohit Gupta, President and