Enact Holdings Inc

ACT · NASDAQ · Financial Services / Insurance - Specialty

45.39USD-0.44 (-0.96%)

Price History

Full chart

Market Stats

Previous Close45.83

Open46.06

Day Range45.15 – 46.34

52-Week Range33.92 – 50.32

Volume337.86K

Market Cap6.50B

P/E (TTM)9.97

Forward P/E9.20

EPS4.74

Dividend Yield2.03%

Beta0.46

50-Day Avg48.44

200-Day Avg43.48

About

Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company engages in writing and assuming residential mortgage guaranty insurance. It also offers private mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans; pool mortgage insurance; contract underwriting services; and mortgage-related reinsurance products. The company serves large money center banks, non-bank lenders, national and local mortgage bankers, community banks, and credit unions. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. is a subsidiary of Genworth Holdings Inc.

Company Details

SectorFinancial Services
IndustryInsurance - Specialty
CEOMr. Rohit Gupta
Employees419
Headquarters8325 Six Forks Road, Raleigh, NC, United States, 27615, USA
Websitehttps://enactmi.com

Leadership

Mr. Rohit GuptaPresident, CEO & Director · b. 1975
Mr. Hardin Dean MitchellExecutive VP, CFO & Treasurer · b. 1970
Mr. Brian Michael GouldEVP & COO · b. 1972
Mr. Evan Scott StoloveExecutive VP, General Counsel & Secretary · b. 1969
Mr. Michael Paul DerstineExecutive VP & Chief Risk Officer · b. 1970
Mr. James Robert McMullenVP, Controller & Principal Accounting Officer
Mr. Daniel KohlVice President of Investor Relations
Mr. Matthew Robert YoungSenior Vice President of Sales
Ms. Susan Gumm SullivanSenior VP & Chief Human Resources Officer
Ms. Neenu Sohi KainthSenior VP & Chief Customer Experience Officer

Financials

Income Statement

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	841.10M	978.85M	1.11B	1.12B	1.10B	1.15B	1.20B	1.23B
Growth (%)	-	+16.38%	+13.04%	+1.24%	-2.24%	+5.36%	+4.18%	+2.37%
Cost of Revenue	-	260.68M	615.80M	371.63M	145.13M	250.31M	261.63M	109.53M
Gross Profit	841.10M	978.85M	1.11B	1.12B	1.10B	903.38M	940.31M	1.12B
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	78.30%	78.23%	91.10%
Operating Expense	227.43M	149.63M	639.62M	428.81M	145.13M	51.87M	62.24M	262.02M
Operating Income	613.67M	829.23M	466.84M	691.38M	949.92M	851.51M	878.06M	858.84M
Operating Margin	72.96%	84.71%	42.19%	61.72%	86.75%	73.81%	73.05%	69.80%
EBITDA	613.67M	829.23M	466.84M	682.88M	949.17M	903.38M	929.22M	908.79M
EBITDA Margin	72.96%	84.71%	42.19%	60.96%	86.68%	78.30%	77.31%	73.86%
Net Income	483.86M	677.63M	370.42M	546.68M	704.16M	665.51M	688.07M	674.24M
Net Income Margin	57.53%	69.23%	33.48%	48.80%	64.30%	57.69%	57.25%	54.80%
Interest Expense	0	0	18.24M	51.01M	51.70M	51.87M	51.16M	49.95M
Interest Expense % of Total Revenue	0.00%	0.00%	1.65%	4.55%	4.72%	4.50%	4.26%	4.06%

Balance Sheet

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	4.10B	4.56B	5.70B	5.91B	5.74B	6.22B	6.55B	6.89B
Total Liabilities	825.07M	727.97M	1.82B	1.81B	1.63B	1.59B	1.55B	1.54B
Total Equity	3.27B	3.83B	3.88B	4.11B	4.10B	4.63B	5.00B	5.36B
Cash	159.05M	585.06M	452.79M	425.83M	513.77M	615.68M	599.43M	582.49M
Total Debt	-	46.80M	775.51M	775.82M	771.26M	768.68M	760.32M	744.48M
Net Debt	-159.05M	-538.26M	322.72M	349.99M	257.48M	153.00M	160.89M	161.99M

Cash Flow

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	511.12M	500.02M	704.35M	572.12M	560.51M	632.04M	686.26M	724.52M
Investing Cash Flow	-498.18M	175.99M	-1.14B	-398.78M	-220.25M	-229.40M	-320.51M	-226.38M
Financing Cash Flow	-50.00M	-250.00M	300.30M	-200.29M	-252.31M	-300.73M	-382.00M	-515.08M
Capital Expenditure	0	175.99M	0	685.65M	6.62M	0	0	0
Free Cash Flow	511.12M	500.02M	704.35M	-113.53M	567.13M	632.04M	686.26M	724.52M
Dividends Paid	50.00M	250.00M	437.35M	200.29M	250.78M	212.96M	111.72M	120.83M
FCF to OCF	100.00%	100.00%	100.00%	-19.84%	101.18%	100.00%	100.00%	100.00%
Dividend Paid to FCF	9.78%	50.00%	62.09%	-176.42%	44.22%	33.69%	16.28%	16.68%

Earnings

Report Date	Mar 31, 2020	Jun 30, 2020	Sep 15, 2020	Nov 19, 2020	Mar 31, 2021	Jun 30, 2021	Sep 16, 2021	Nov 2, 2021	Feb 1, 2022	May 3, 2022	Aug 1, 2022	Nov 1, 2022	Feb 6, 2023	May 3, 2023	Aug 1, 2023	Nov 1, 2023	Feb 6, 2024	May 1, 2024	Jul 31, 2024	Nov 6, 2024	Feb 4, 2025	Apr 30, 2025	Jul 30, 2025	Nov 5, 2025	Feb 3, 2026	May 5, 2026	Aug 5, 2026	Nov 4, 2026
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.81	0.80	0.83	0.83	0.84	0.87	0.83	0.83	0.86	0.90	0.95	0.97	1.03	1.09	1.08	1.09	1.11	1.12	1.10	1.20	1.20	1.21
EPS Actual	0.43	0.43	0.87	1.17	0.79	0.79	0.82	0.84	0.94	1.01	1.26	1.17	0.90	1.08	1.10	1.02	0.98	1.04	1.27	1.16	1.09	1.10	1.15	1.12	1.23	1.21	1.26	-
Surprise	-	-	-	-	-	-	1.23%	5.00%	13.25%	21.69%	50.00%	34.48%	8.43%	30.12%	27.91%	13.33%	3.16%	7.22%	23.30%	6.42%	0.93%	0.92%	3.60%	0.00%	11.82%	0.83%	5.00%	-
Timing	-	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap6.50B

Enterprise Value6.86B

Trailing P/E9.97

Forward P/E9.20

Price / Sales5.18

Price / Book1.22

EPS4.74

Book Value39.06

Revenue (TTM)1.25B

Gross Profit (TTM)917.30M

Profit Margin54.51%

Operating Margin73.26%

Return on Equity12.87%

Return on Assets8.35%

Shares Outstanding137.48M

Shares Float26.29M

Beta0.46

Dividend Yield2.03%

Dividend Rate0.96

Payout Ratio18.67%

Analyst Ratings

Hold

Based on 5 analystsTarget 50.20

Strong Buy
1
Hold
4

Ownership Breakdown

Institutions: 22.63%
Insiders: 80.87%
Retail / Other: 0.00%

Top Institutional Holders

BlackRock Inc
4.66M3.39%
Dimensional Fund Advisors, Inc.
3.11M2.26%
Vanguard Portfolio Management, LLC
1.74M1.27%
First Trust Advisors L.P.
1.62M1.18%
Glendon Capital Management LP
1.30M0.94%
Vanguard Capital Management, LLC
1.30M0.94%
State Street Corp
1.21M0.88%
LSV Asset Management
1.01M0.73%
Arrowstreet Capital Limited Partnership
992.99K0.72%
American Century Companies Inc
965.68K0.70%
Geode Capital Management, LLC
874.32K0.64%
Morgan Stanley - Brokerage Accounts
514.54K0.37%
Amvescap Plc.
465.68K0.34%

Top Fund Holders

iShares Core S&P Small-Cap ETF
1.71M1.24%
First Trust SMID Cp Rising Div Achv ETF
1.18M0.86%
Vanguard MStar Total Stk Mkt Idx Invest
878.77K0.64%
Avantis US Small Cap Value ETF
866.49K0.63%
iShares Russell 2000 ETF
784.73K0.57%
DFA US Small Cap Value I
775.54K0.56%
Vanguard Small Cap Index
642.12K0.47%

Dividends

20263×

0.24Aug 20, 20260.24May 28, 20260.21Feb 26, 2026

20254×

0.21Nov 21, 20250.21Aug 18, 20250.21May 19, 20250.18Feb 21, 2025

20245×

0.18Nov 18, 20240.18Aug 28, 20240.18May 29, 20240.23Mar 14, 20240.16Feb 27, 2024

20234×

0.87Nov 15, 20230.16Aug 30, 20230.16May 30, 20230.14Feb 22, 2023

20223×

1.26Nov 17, 20220.14Aug 25, 20220.14May 6, 2022

20211×

1.23Nov 24, 2021