Enact Holdings Inc

Company Profile

Enact Holdings Inc had its IPO on 2021-09-16 under the ticker symbol ACT.

The company operates in the Financial Services sector and Insurance-Specialty industry. Enact Holdings Inc has a staff strength of 496 employees.

Stock update

Shares of Enact Holdings Inc opened at $25.05 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $24.97 - $25.43, and closed at $25.22.

This is a +1.08% increase from the previous day's closing price.

A total volume of 486,278 shares were traded at the close of the day’s session.

In the last one week, shares of Enact Holdings Inc have increased by +4.2%.

Enact Holdings Inc's Key Ratios

Enact Holdings Inc has a market cap of $3.94 billion, indicating a price to book ratio of 0.9619 and a price to sales ratio of 3.5239.

In the last 12-months Enact Holdings Inc’s revenue was $1.10 billion with a gross profit of $953.38 million and an EBITDA of $0. The EBITDA ratio measures Enact Holdings Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Enact Holdings Inc’s operating margin was 87.06% while its return on assets stood at 10.3% with a return of equity of 17.16%.

In Q4, Enact Holdings Inc’s quarterly earnings growth was a negative -6.6% while revenue growth was a positive 1.5%.

Enact Holdings Inc’s PE and PEG Ratio

Forward PE

7.485

Trailing PE

5.6265

PEG

Its diluted EPS in the last 12-months stands at $4.31 per share while it has a forward price to earnings multiple of 7.485 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Enact Holdings Inc’s profitability.

Enact Holdings Inc stock is trading at a EV to sales ratio of 3.8109 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.5239.

Enact Holdings Inc stock pays annual dividends of $0.42 per share, indicating a yield of 2.29% and a payout ratio of 38.7%.

Balance sheet and cash flow metrics

Total Assets

$5.71 billion

Total Liabilities

$0

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

38.7%

Enact Holdings Inc ended 2023 with $5.71 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.71 billion while shareholder equity stood at $4.10 billion.

Enact Holdings Inc ended 2023 with $0 in deferred long-term liabilities, $0 in other current liabilities, 1628000.00 in common stock, $2.10 billion in retained earnings and $0 in goodwill. Its cash balance stood at $513.78 million and cash and short-term investments were $5.40 billion. The company’s total short-term debt was $0 while long-term debt stood at $742.83 million.

Enact Holdings Inc’s total current assets stands at $0 while long-term investments were $4.89 billion and short-term investments were $4.89 billion. Its net receivables were $41.74 million compared to accounts payable of $0 and inventory worth $0.

In 2023, Enact Holdings Inc's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Enact Holdings Inc paid $0.39 in dividends in 2023.

Other key metrics

Current Trading Price

$25.22

52-Week High

$26.821

52-Week Low

$18.7058

Analyst Target Price

$26.67

Enact Holdings Inc stock is currently trading at $25.22 per share. It touched a 52-week high of $26.821 and a 52-week low of $26.821. Analysts tracking the stock have a 12-month average target price of $26.67.

Its 50-day moving average was $23.67 and 200-day moving average was $23.52 The short ratio stood at 6.92 indicating a short percent outstanding of 0%.

Around 8185.2% of the company’s stock are held by insiders while 1961.4% are held by institutions.