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Enact Holdings Inc - ACT STOCK NEWS

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

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.

News
Enact to Host First Quarter 2024 Earnings Call May 2nd
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
conferences earnings
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News
Genworth Financial Schedules Earnings Conference Call for May 2
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
earnings
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News
Enact Integrated with PMI Rate Pro for Seamless Ordering
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
News
Enact Releases 2023 Environmental, Social, and Governance (ESG) Report
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
-
News
Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
none
-
News
Genworth Financial Announces Fourth Quarter 2023 Results
Rhea-AI Summary
Genworth Financial, Inc. (GNW) reported Q4 2023 results with $35M in share repurchases, $127M gross incremental premium approved, and $212M net loss. Enact generated $552M adjusted operating income. Long-Term Care Insurance progress includes $1.5B reduction in MYRAP. GAAP metrics show a net loss of $212M. Enact's adjusted operating income was $129M with a 10% loss ratio. PMIERs sufficiency ratio was 161%. Life Insurance faced an unfavorable $179M impact from annual assumption updates. Statutory pre-tax income was $148M with a 303% RBC ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
News
Enact Announces Quarterly Dividend
Rhea-AI Summary
Enact Holdings, Inc. (ACT) declares a quarterly dividend of $0.16 per common share, payable on March 13, 2024, to shareholders of record on February 28, 2024. Future dividends will be subject to Board approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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News
Enact Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Enact Holdings, Inc. (ACT) reported a strong fourth quarter and full-year financial performance, with GAAP net income of $157 million and $666 million, respectively. The company returned over $300 million to shareholders in 2023 and achieved a record primary insurance in-force of $263 billion, marking a 6% increase from the previous year. However, new insurance written (NIW) decreased by 27% from the previous quarter, and net premiums earned were down 1% sequentially. Despite this, the company's persistency rate increased to 86%, and the PMIERs Sufficiency was 161%. Enact also made significant moves in the reinsurance market and received positive ratings from S&P Global Ratings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
Tags
earnings
-
News
Enact Completes Forward XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program
Rhea-AI Summary
Enact Holdings, Inc. (Nasdaq: ACT) has secured $255 million of excess of loss reinsurance coverage for its Enact Mortgage Insurance Corporation, through a credit risk transfer transaction effective January 1, 2024. The reinsurance coverage is provided by a panel of reinsurers rated 'A-' or better by Standard & Poor’s or A.M. Best Company, Inc. Enact's President and CEO, Rohit Gupta, expressed satisfaction with the transaction, highlighting the company's ability to distribute and minimize credit risk and enhance capital efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
none
News
Genworth Financial Schedules Earnings Conference Call for February 22
Rhea-AI Summary
Genworth Financial, Inc. (NYSE: GNW) will release its Q4 earnings on February 21, 2024, followed by a conference call on February 22, 2024, to discuss the results. Enact Holdings, Inc. (Nasdaq: ACT), Genworth's subsidiary, will also hold a conference call on February 7, 2024, to discuss its Q4 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
earnings
Stock ACT logo
Enact Holdings Inc

Nasdaq:ACT

ACT Rankings

#1218 Ranked by Market Cap
#1706 Ranked by Stock Gains
#2124 Ranked by Dividends

ACT Stock Data

4.63B
29.44M
81.52%
18.68%
0.65%
Insurance Agencies and Brokerages
Finance and Insurance
Link
United States
Raleigh

About ACT

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