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Enact Holdings, Inc.

ACT

Financial Services · 44.14 -4.9% today

You’ve read what changed. Here’s whether the market is confirming it.

Isolated · not yet confirmedMarket checked 1 Oct, 13:50 GMT-4

Market read

Enact Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-4.9% todayVolume comparison unavailable
Market group0 of 26 activeTechnology-Heavy Mixed · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • Refinance originations comprised $3,003M (23%) of primary NIW in Q1 2026 vs $679M (7%) in Q1 2025; firm links increase to mortgage rate volatility.

Invalidation: The isolated read changes if ACT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Insurance - Specialty

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Refinance originations comprised $3,003M (23%) of primary NIW in Q1 2026 vs $679M (7%) in Q1 2025; firm links increase to mortgage rate volatility.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations341
Usable filing statements93
Verified relationships7
Evidence supporting the case
  • Operating cash flow covered net income at 1.07x in the latest annual period.
Evidence challenging the case
  • Net margin changed -2.7 percentage points in the latest annual period.
Questions before a position
  • P/E is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 17% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

43.27
6m+6.0%12m+11.7%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.1B+1.0%$3.36+0.0%
2022-12-31$1.1B-2.0%$4.31+0.3%
2023-12-31$1.2B+5.4%$4.11-0.9%
2024-12-31$1.2B+4.2%$4.37-2.7%
2025-12-31$1.2B+2.8%$4.52-5.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 2 filings
“Three months ended June 30, Six months ended June 30, (Amounts in millions) 2026 2025 2026 2025 Purchases $ 13,287 87 % $ 12,335 93 % $ 23,070 82 % $ 21,474 93 % Refinances 1,912 13 919 7 4,915 18 1,598 7 Total $ 15,199 100 % $ 13,254 100 % $ 27,985 100 % $ 2…”
10-Q · Aug 6, 2026 ↗
Restructuring and cost reductionsmixed · 2 filings
“Acquisition and operating expenses, net of deferrals, decreased for the three months ended September 30, 2025, primarily due to restructuring activities in 2024 and higher ceding commissions.”
10-Q · Nov 6, 2025 ↗
Macroeconomic conditionsnegative · 1 filings
“Throughout 2025, the United States economy was subject to significant volatility and uncertainty, largely related to changing economic policies, including new and increasing tariffs, continued inflationary pressure, the then impending government shutdown as w…”
10-Q · Nov 6, 2025 ↗
Tariffs and trade policynegative · 1 filings
“Throughout 2025, the United States economy was subject to significant volatility and uncertainty, largely related to changing economic policies, including new and increasing tariffs, continued inflationary pressure, the then impending government shutdown as w…”
10-Q · Nov 6, 2025 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.2× · EV/sales 5.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

44.14-4.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ACT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ACT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ACT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

GNWGenworth Financial, Inc.investeeFeb 27, 2026 ▾

“Our Corporate Information Enact Holdings, Inc.”

Depended on by

GNWGenworth Financial, Inc.customerFeb 27, 2026 ▾

“If a loan becomes delinquent, Enact works closely with the customer, investor and servicer to attempt to cure the delinquency and allow the homeowner to retain ownership of the property.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ACT is currently a Leader in the organic co-movement group Technology-Heavy Mixed. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ACT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.