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Enact Holdings, Inc. - $ACT STOCK NEWS

Welcome to our dedicated page for Enact Holdings news (Ticker: $ACT), a resource for investors and traders seeking the latest updates and insights on Enact Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enact Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enact Holdings's position in the market.

Rhea-AI Summary

Genworth Financial (NYSE: GNW) announced the results of its 2024 annual meeting of stockholders. All nine director nominees were re-elected, including G. Kent Conrad and Karen E. Dyson. Stockholders also approved executive officer compensation and ratified KPMG LLP as the independent accounting firm for 2024. Additionally, stockholders passed an Amended and Restated Certificate of Incorporation, removing references to legacy GE provisions and granting stockholders the right to request a special meeting at a 25% ownership threshold. These changes will take effect early next month.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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Rhea-AI Summary

Enact Holdings (Nasdaq: ACT) has announced the pricing of a $750 million public offering of 6.25% Senior Notes due 2029. The settlement is expected on May 28, 2024, subject to customary closing conditions. The notes will pay interest semi-annually at a rate of 6.25% per year, maturing on May 28, 2029. Proceeds from this offering, along with other funds, will be used to redeem Enact's 6.50% Senior Notes due August 2025. J.P. Morgan Securities, Citigroup Global Markets, and Goldman Sachs are acting as joint book-running managers for the offering. The notes are offered under an automatic shelf registration statement filed with the SEC.

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-2.48%
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News
Rhea-AI Summary

Enact Holdings, Inc. (Nasdaq: ACT) reported strong financial results for Q1 2024, with a GAAP Net Income of $161 million and Adjusted Operating Income of $166 million. The company achieved a Return on Equity of 13.8% and a record Primary insurance in-force of $264 billion. Enact also highlighted its capital allocation strategy and commitment to shareholders through dividends and share repurchases.

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-0.03%
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Rhea-AI Summary

Genworth Financial, Inc. (NYSE: GNW) reported strong Q1 2024 results with net income of $139M, or $0.31 per diluted share. Enact had a solid quarter with adjusted operating income of $135M and announced a new share repurchase program. CareScout expanded its Quality Network. The company repurchased $63M in shares, increased its dividend, and maintained a strong financial position.

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-0.03%
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Rhea-AI Summary

Enact Holdings, a leading provider of private mortgage insurance, announced a 16% increase in its quarterly dividend to $0.185 per common share. The company also introduced a new $250 million share repurchase program, in addition to its existing $100 million program. The decision reflects Enact's strong financial position and commitment to creating long-term value for shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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buyback dividends
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Rhea-AI Summary
Enact Holdings, Inc. (Nasdaq: ACT) will release its first-quarter earnings on May 1, 2024, followed by a conference call on May 2, 2024, to discuss the financial results. Participants can pre-register for the call to join the live Q&A session.
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0.49%
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conferences earnings
Rhea-AI Summary
Genworth Financial, Inc. (GNW) will release its first-quarter earnings on May 1, 2024, followed by a conference call on May 2, 2024. Enact Holdings, Inc. (ACT), Genworth's subsidiary, will also hold a conference call on the same day to discuss its first-quarter results.
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Rhea-AI Sentiment
End-of-Day
0.49%
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Rhea-AI Summary
Enact Holdings, Inc. (ACT) announces integration with PMI Rate Pro to streamline private mortgage insurance ordering process for lenders. The new API platform allows lenders to order delegated mortgage insurance directly, enhancing efficiency and customer experience.
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0.33%
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Rhea-AI Summary
Enact Holdings, Inc. (ACT) releases its 2023 ESG Report, emphasizing progress and transparency in ESG matters. The report includes insights on TCFD and U.N. SDGs frameworks, showcasing Enact's commitment to sustainability and inclusivity.
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End-of-Day
0.72%
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Rhea-AI Summary
Genworth's Cost of Care Survey 2023 reveals increasing long-term care costs due to inflation and worker shortages. Home health aide and homemaker services costs rose significantly. The survey highlights cost trends, drivers, and the importance of person-centered care in the long-term care industry.
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Rhea-AI Sentiment
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1.39%
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Enact Holdings, Inc.

NYSE:ACT

ACT Rankings

ACT Stock Data

4.86B
29.44M
81.52%
18.68%
0.65%
Insurance Agencies and Brokerages
Finance and Insurance
Link
United States of America
RALEIGH

About ACT

Enact Holdings, Inc. operates as a holding company. Through its subsidiaries, Enact provides mortgage insurance services to mortgage lenders and investors.