ENACT HOLDINGS INC (ACT)
Financials · Mortgage insurance · NASDAQ
Leading U.S. private mortgage insurer protecting lenders and investors against residential loan defaults while enabling broader homeownership access.
What ENACT HOLDINGS INC does
Enact Holdings is a leading private mortgage insurance company serving the U.S. housing finance market since 1981. The company writes and assumes residential mortgage guaranty insurance on Low Down Payment Loans (mortgages exceeding 80% loan-to-value), protecting lenders and investors against nonpayment losses. Operating in all 50 states and the District of Columbia, Enact serves approximately 1,600 customers including national banks, non-bank lenders, community banks, and credit unions, while maintaining compliance with private mortgage insurer eligibility requirements (PMIERs) set by Fannie Mae and Freddie Mac.
Themes: ["Mortgage insurance / housing finance","Credit risk transfer and capital management","First-time homebuyers","Residential mortgage market"]
Fundamentals
- Price$44.98 as of 2026-07-09 close
- Market cap$6.3B as of 2026-07-10
- 1-year return+24.0% as of 2026-07-09 close
- P/E9.29 as of 2026-07-10
- Net margin+54.5% as of 2026-07-10
- ROE+12.7% as of 2026-07-10
- Debt / equity0.14 as of 2026-07-10
- Revenue growth (YoY)+2.0% as of 2026-07-10
- Revenue CAGR (3y)+4.1% SEC XBRL
- Beta0.47 as of 2026-07-10
Dividend: yield +2.1%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Inability to maintain PMIERs or other restrictions imposed by Fannie Mae and Freddie Mac (GSEs); changes to GSE charters or decisions to decrease mortgage insurance usage could significantly impact business model and profitability.","Deterioration in economic conditions, decline in home prices, or severe recession (including impacts from tariffs and government policies) could increase loan defaults and deplete loss reserves, threatening capital adequacy and earnings.","Uncertainty in loss reserve estimates, inaccurate risk models, and inadequacy of premiums to compensate for losses incurred could lead to unexpected charges and financial underperformance."]
Competitors & peers
- Radian Group
- MGIC Investment Corporation
- Arch Capital Group
- Assurant
- Fannie Mae (government competitor)
- Freddie Mac (government competitor)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.