Enact (ACT)

Search documents
Enact (ACT) - 2024 Q3 - Quarterly Results
2024-11-06 22:01
Exhibit 99.1 ENACT REPORTS THIRD QUARTER 2024 RESULTS AND ANNOUNCES QUARTERLY DIVIDEND _______________________________________ GAAP Net Income of $181 million, or $1.15 per diluted share Adjusted Operating Income of $182 million, or $1.16 per diluted share Return on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8% Record Primary insurance in-force of $268 billion, a 2% increase from third quarter 2023 PMIERs Sufficiency of 173% or $2,190 million Book Value Per Share of $32.61 and Book Value ...
Enact Reports Third Quarter 2024 Results And Announces Quarterly Dividend
GlobeNewswire News Room· 2024-11-06 21:12
GAAP Net Income of $181 million, or $1.15 per diluted shareAdjusted Operating Income of $182 million, or $1.16 per diluted shareReturn on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8%Record Primary insurance in-force of $268 billion, a 2% increase from third quarter 2023PMIERs Sufficiency of 173% or $2,190 millionBook Value Per Share of $32.61 and Book Value Per Share excluding AOCI of $33.27Announces quarterly cash dividend of $0.185 per common share RALEIGH, N.C., Nov. 06, 2024 (GLOBE N ...
Enact Holdings, Inc. (ACT) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-10-30 15:07
Enact Holdings, Inc. (ACT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are b ...
Why Enact Holdings (ACT) Could Beat Earnings Estimates Again
ZACKS· 2024-10-10 17:17
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Enact Holdings, Inc. (ACT) . This company, which is in the Zacks Insurance - Multi line industry, shows potential for another earnings beat.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.18%, on average, in the last two qu ...
Enact to Host Third Quarter 2024 Earnings Call November 7th
GlobeNewswire News Room· 2024-10-08 12:40
RALEIGH, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 6, 2024. Enact will host a conference call to review third quarter 2024 financial results on November 7, 2024 at 8:00 a.m. (ET). Enact’s earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Partic ...
Is Enact Holdings (ACT) Outperforming Other Finance Stocks This Year?
ZACKS· 2024-09-25 14:46
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Enact Holdings, Inc. (ACT) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. Enact Holdings, Inc. is one of 859 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the in ...
PRIMO WATER AND BLUETRITON BRANDS ANNOUNCE EXPIRATION OF THE WAITING PERIOD UNDER THE HSR ACT
Prnewswire· 2024-09-05 10:30
Core Viewpoint - The expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act is a significant step towards the completion of the all-stock combination of Primo Water Corporation and BlueTriton Brands, Inc., expected to close by the end of 2024, pending other customary closing conditions [1]. Company Overview - Primo Water Corporation is a leading North America-focused provider of water solutions, operating primarily under a recurring revenue model in the large format water category, which includes products of 3 gallons or greater [3]. - The company's business strategy is likened to a "razor-razorblade" model, where the initial sale of water dispensers leads to ongoing purchases of water solutions [3]. - Primo Water's offerings include Water Direct, Water Exchange, and Water Refill, with a significant retail presence across approximately 11,350 locations for dispensers and 17,950 locations for water exchange services [3][4]. BlueTriton Overview - BlueTriton Brands, Inc. is a North American water and beverage company that produces and distributes a variety of spring and purified water brands, including Poland Spring and Deer Park [5]. - The company operates ReadyRefresh, a home and office beverage delivery platform that emphasizes reusable packaging, contributing to sustainability efforts [6]. - BlueTriton manages over 20,000 acres of watershed and has rights to collect water from more than 50 active spring sites, with 30 production facilities across North America [7]. Strategic Importance of the Transaction - The combination of Primo Water and BlueTriton is expected to enhance consumer access to purified and sustainable water solutions, promoting healthier lifestyles while reducing plastic waste [4]. - The transaction is anticipated to create synergies and improve operational efficiencies, although specific details on these benefits are not disclosed [1].
Enact Provides Update on Capital Position Under New PMIERs Available Asset Guidelines
GlobeNewswire News Room· 2024-08-21 22:40
RALEIGH, N.C., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026. “The changes to the PMIERs requirements, which were ...
CSE Bulletin: Consolidation - Aduro Clean Technologies Inc. (ACT)
Newsfile· 2024-08-19 14:34
Toronto, Ontario--(Newsfile Corp. - Le 19 août/August 2024) - Aduro Clean Technologies Inc. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every three and one quarter (3.25) pre-consolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 27,174,297 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of ...
New Strong Buy Stocks for August 7th
ZACKS· 2024-08-07 10:55
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:GormanRupp (GRC) : This company which designs, manufactures and sells pumps and related equipment, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days.Hagerty (HGTY) : This company which offer automotive lifestyle brand and specialty insurance provider focused on automotive enthusiast market, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.5% over th ...