Enact Holdings Inc. (ACT)
Enact Holdings Inc. operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Raleigh, NC, US. The stock last traded at $49.38, up 0.53% on the session, giving a market capitalisation of $6.89B. On trailing twelve-month figures it carries a trailing P/E of 10.35, a net margin of 54.6%. Its beta of 0.46 implies it has historically moved less than the broad market.
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.
Enact Holdings Inc. is most often compared with the following Financial Services names: