Enact (ACT)
Insurer of low-down-payment U.S. home loans and provider of mortgage underwriting services.
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Writes private mortgage insurance for low-down-payment U.S. home loans, collecting premiums in exchange for covering part of lenders' and investors' losses when borrowers default. A single Mortgage Insurance segment also provides selective portfolio coverage, mortgage-related reinsurance, and fee-based contract underwriting, with results tied to GSE eligibility and housing credit conditions.
Insures low-down-payment residential mortgages across the United States, primarily through Enact Mortgage Insurance Corporation. Primary mortgage insurance covers part of a loan's unpaid principal balance when borrowers default; selective portfolio and credit insurance, mortgage-related reinsurance, and fee-based contract underwriting extend the offering. Premiums provide the core revenue stream, supplemented by income from invested insurance assets.
Underwriting and pricing draw on loan-level data, lender integrations, and portfolio monitoring, while credit-risk transfer helps absorb loss volatility and manage required capital. Results depend on mortgage originations, borrower defaults, home prices, policy persistency, and continued eligibility with Fannie Mae and Freddie Mac. State insurance rules and GSE capital standards constrain operations, and Genworth remains the controlling parent following the minority public offering.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 25, 2026 | RBC Capital | Initiate | Rating: —Target: $47 | Target: $46 |
| Feb 5, 2026 | Goldman Sachs | Target | Target: $45 | Target: $50 |
| Jan 12, 2026 | UBS | Target | Target: $33 | Target: $40 |
| Jan 6, 2026 | Goldman Sachs | Target | Target: — | Target: $45 |
| May 5, 2025 | Keefe, Bruyette & Woods | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.61B · Total debt $744.9M · Total assets $6.96B · Shareholders' equity $5.40B
- Revenue
- $317.3M
- Operating income
- $220.0M
- Net income
- $174.8M
HistoryDividendAnnual yield
| Institutions | 21.89% | 30.10M shares | |
|---|---|---|---|
| 251 holders · as of Jun 30, 2026 | |||
| Insiders | 0.57% | 778.6K shares | |
| 6 holders · as of Aug 19, 2026 | |||
| Strategic holders | 91.32% | 125.55M shares | |
| 2 holders · as of Sep 1, 2026 | |||
| Adds to | 113.78% | ||
137.48M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 113.78%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Genworth Holdings, Inc.Strategic10 percent owner | 80.29% | 110.39M | filed Sep 1, 2026 |
Bayview Asset Management, LLCStrategic | 11.02% | 15.15M | filed Feb 24, 2022 |
BlackRock, Inc.Institution | 3.48% | 4.78M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 2.26% | 3.11M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 1.28% | 1.76M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | Genworth Holdings, Inc. | 10 percent owner | −687,379 | $49.40 |
| Aug 17, 2026 | Evan Stolove | officer: EVP, Gen. Counsel & Secretary | −20,024 | $49.52 |
| Jul 31, 2026 | Genworth Holdings, Inc. | 10 percent owner | −523,226 | $45.92 |
| Jun 30, 2026 | Genworth Holdings, Inc. | 10 percent owner | −605,067 | $42.28 |
| May 29, 2026 | Genworth Holdings, Inc. | 10 percent owner | −602,440 | $42.91 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Enact | $47.61 | −0.02% | $6.71B | 10.1 | 9.6 | 5.4 | +4.2% |
| MGIC Investment | $28.60 | −2.35% | $6.04B | 9.2 | 9.0 | 5.1 | −2.9% |
| Arch Capital Group | $94.95 | +0.03% | $33.46B | 7.5 | 10.0 | 1.7 | −22.3% |
| Radian Group | $34.69 | 0.00% | $4.56B | 8.7 | 7.0 | 2.8 | +80.9% |
| Essent Group | $65.70 | −0.03% | $6.13B | 9.3 | 8.7 | 4.6 | +13.6% |
| National MI | $42.42 | −0.09% | $3.23B | 8.4 | 8.0 | 4.4 | −9.4% |
| Median | 8.7 | 8.7 | 4.4 | −2.9% |