Enact Holdings Inc (ACT)

In April 2025, Enact reported its First Quarter results, increased its quarterly dividend by 14%, and authorized a new $350 million share repurchase program. In May 2025, ROYCE & ASSOCIATES LP opened a $7.8 million position in ACT stock, and the company held its Annual Meeting. In July 2025, Enact announced its Second Quarter earnings call and a new analyst forecast gave ACT a $39.0 price target; the company reported its Second Quarter results with adjusted operating income of $174 million and new insurance written (NIW) of $13 billion, up 35% sequentially. In August 2025, Enact received a ratings upgrade from Moody's, and AM Best affirmed the credit ratings of Enact Holdings, Inc. and its operating subsidiaries. In September 2025, Enact Mortgage Insurance entered into a quota share reinsurance agreement and completed an XOL reinsurance transaction; Genworth Holdings sold over 922,000 shares, causing ACT shares to fall by 2.7%. In October 2025, Enact announced the closing of a new $435 million revolving credit facility and scheduled its Third Quarter earnings release.

Enact Holdings, Inc. experiences demand seasonality, with new insurance written (NIW) impacted by seasonality in the purchase origination market. The sequential increase in NIW in Q2 2025 was driven by mortgage origination seasonality from the spring selling season, and new delinquency trends have been in line with past seasonal trends.

Enact Holdings, Inc. is a private mortgage insurance company operating in the United States through its subsidiary, Enact Mortgage Insurance Corporation. The company provides residential mortgage guaranty insurance, protecting lenders and investors against losses from nonpayment of loans secured by residential real estate. Enact facilitates the sale of mortgages to the secondary market, serving a diverse customer base including national banks, non-bank mortgage lenders, local mortgage bankers, community banks, and credit unions. The company operates within the Financials sector, specifically the Insurance - Specialty or Property & Casualty Insurance industry, offering private mortgage insurance products, contract underwriting services, and mortgage-related reinsurance products.

Enact Holdings, Inc. operates in the United States and is headquartered in Raleigh, North Carolina.

Enact Holdings, Inc. has experienced positive developments in its brand reputation, including a ratings upgrade from Moody's in August 2025. AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) for Enact's operating subsidiaries in August 2024, assessing their operating performance as strong. The company also released its 2024 Sustainability Report in March 2025.

Enact Holdings, Inc. is primarily owned by institutional shareholders and insiders, with Genworth Holdings Inc. being the largest individual shareholder, owning 79.96% of the company. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, iShares Core S&P Small-Cap ETF (IJR), Glendon Capital Management LP, Arrowstreet Capital, Limited Partnership, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode Capital Management, Llc, and First Trust Advisors Lp.