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How to become Internet Telephony Service Provider using ICT Products
PR Log (Thu, 28-Mar 1:21 AM ET)
Enact Releases 2023 Environmental, Social, and Governance (ESG) Report
Globe Newswire (Wed, 20-Mar 4:15 PM ET)
Business Wire (Wed, 20-Mar 9:00 AM ET)
Business Wire (Tue, 12-Mar 8:55 AM ET)
Genworth Financial Announces Fourth Quarter 2023 Results
Business Wire (Wed, 21-Feb 4:15 PM ET)
Enact Announces Quarterly Dividend
Globe Newswire (Tue, 20-Feb 4:15 PM ET)
Enact Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Tue, 6-Feb 4:15 PM ET)
Globe Newswire (Thu, 1-Feb 4:20 PM ET)
Genworth Financial Schedules Earnings Conference Call for February 22
Business Wire (Mon, 22-Jan 4:15 PM ET)
Enact Receives Ratings Upgrade from S&P Global Ratings
Globe Newswire (Tue, 9-Jan 8:00 AM ET)
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
Enact Holdings trades on the NASDAQ stock market under the symbol ACT.
As of March 28, 2024, ACT stock price climbed to $31.18 with 234,493 million shares trading.
ACT has a beta of 0.43, meaning it tends to be less sensitive to market movements. ACT has a correlation of 0.09 to the broad based SPY ETF.
ACT has a market cap of $4.99 billion. This is considered a Mid Cap stock.
Last quarter Enact Holdings reported $296 million in Revenue and $.98 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.06.
The top ETF exchange traded funds that ACT belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.
ACT has outperformed the market in the last year with a price return of +44.1% while the SPY ETF gained +33.6%. However, in the short term, ACT had mixed performance relative to the market. It has underperformed in the last 3 months, returning +6.8% vs +10.1% return in SPY. But in the last 2 weeks, ACT shares have fared better than the market returning +5.7% compared to SPY +1.7%.
ACT support price is $30.53 and resistance is $31.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACT stock will trade within this expected range on the day.