Enact Holdings, Inc. operates as a private mortgage insurance company in the United States.
Enact Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$21.79|
|52 Week High||US$19.25|
|52 Week Low||US$22.22|
|1 Month Change||8.95%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||6.35%|
Recent News & Updates
|ACT||US Mortgage||US Market|
Return vs Industry: Insufficient data to determine how ACT performed against the US Mortgage industry.
Return vs Market: Insufficient data to determine how ACT performed against the US Market.
Stable Share Price: Insufficient data to determine ACT's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine ACT's volatility change over the past year.
About the Company
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders.
Enact Holdings Fundamentals Summary
|ACT fundamental statistics|
Is ACT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ACT income statement (TTM)|
|Cost of Revenue||US$472.91m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 02, 2021
|Earnings per share (EPS)||2.98|
|Net Profit Margin||42.76%|
How did ACT perform over the long term?See historical performance and comparison
Is Enact Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACT ($21.56) is trading below our estimate of fair value ($78.38)
Significantly Below Fair Value: ACT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACT is good value based on its PE Ratio (7.2x) compared to the US Mortgage industry average (12.4x).
PE vs Market: ACT is good value based on its PE Ratio (7.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: ACT is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ACT is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1.1x).
How is Enact Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACT's forecast earnings growth (5.3% per year) is above the savings rate (2%).
Earnings vs Market: ACT's earnings (5.3% per year) are forecast to grow slower than the US market (15.1% per year).
High Growth Earnings: ACT's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACT's revenue (1.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: ACT's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACT's Return on Equity is forecast to be low in 3 years time (12.3%).
How has Enact Holdings performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: ACT has high quality earnings.
Growing Profit Margin: ACT's current net profit margins (42.8%) are lower than last year (48.6%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if ACT's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: ACT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACT had negative earnings growth (-5.5%) over the past year, making it difficult to compare to the Mortgage industry average (34%).
Return on Equity
High ROE: ACT's Return on Equity (11.9%) is considered low.
How is Enact Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: ACT's Assets to Equity ratio (1.4x) is low.
Allowance for Bad Loans: Insufficient data to determine if ACT has a sufficient allowance for bad loans.
Low Risk Liabilities: ACT reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if ACT has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: ACT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if ACT has an appropriate level of bad loans.
What is Enact Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ACT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rohit Gupta (46 yo)
Mr. Rohit Gupta is President and Chief Executive Officer at Enact Holdings Inc. since March 2013 and had been its Chairman of the Board from July 2020 to May 2021. He joined Genworth Mortgage Insurance in...
CEO Compensation Analysis
Compensation vs Market: Rohit's total compensation ($USD4.05M) is about average for companies of similar size in the US market ($USD5.19M).
Compensation vs Earnings: Insufficient data to compare Rohit's compensation with company performance.
Experienced Management: ACT's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: ACT's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ACT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: ACT only recently listed within the past 12 months.
Enact Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: Enact Holdings, Inc.
- Ticker: ACT
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$3.548b
- Shares outstanding: 162.84m
- Website: https://new.mortgageinsurance.genworth.com
Number of Employees
- Enact Holdings, Inc.
- 8325 Six Forks Road
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 23:07|
|End of Day Share Price||2021/10/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.