Latest revenue
$70.9M
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Insurance Agents, Brokers & Service (28 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think ACT is heading?
Price · 5Y
Market data
Price feed temporarily unavailable for ACT.
5-year trend
What this company does
Enact Holdings sells private mortgage insurance, protecting lenders and investors when homebuyers with less than 20% down payments default on their loans. It earns money primarily from insurance premiums on these policies, supplemented by investment income on its $6.1 billion bond portfolio and modest fee-based underwriting services. Majority-owned by Genworth Financial since its 2021 IPO, Enact is returning substantial capital to shareholders, repurchasing $93 million of stock and paying $30 million in dividends in the quarter while net income held roughly flat year-over-year at $168 million.
Generated from ACT's filing dated 2026-02-27
Key risks
- Controlling shareholder overhang: Genworth still owns ~81.6% of shares post-2021 IPO, creating governance conflicts and potential secondary-offering pressure.
- Loss reserves rose to $590M (+3% QoQ) and incurred losses jumped 22% YoY to $37.2M, signaling early credit deterioration in mortgage book.
- Investment portfolio underwater: $6.23B amortized cost vs $6.13B fair value; AOCI loss widened to -$82.7M from -$30.1M in one quarter.
Generated from ACT's filing dated 2026-02-27
Profitability
Net margin
54.6%
4.7%Return on equity
12.6%
15.2%Return on assets
1202.4%
11296.8%Leverage
Debt / equity
-0.99×
342.6%Long-term debt / equity
0.14×
13.3%Debt / assets
-9450.4%
32723.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $70.9M | +12.5% | — | — | — |
Q4 2025 2025-12-31 | $1.04B | +1.4% | — | — | — |
Q3 2025 2025-09-30 | $68.6M | +12.4% | — | — | — |
Q2 2025 2025-06-30 | $65.9M | +10.2% | — | — | — |
Q1 2025 2025-03-31 | $63.0M | +10.4% | — | — | — |
Q4 2024 2024-12-31 | $1.02B | — | — | — | — |
Q3 2024 2024-09-30 | $61.1M | +11.1% | — | — | — |
Q2 2024 2024-06-30 | $59.8M | +17.4% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Insurance Agents, Brokers & Service · SIC 6411
Your notes
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Insider activity
Insider buying
$0
Insider selling
$314.1M
Net activity
−$314.1M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ACT
Institutional value
$689.3M
Total shares held
18.1M
Distinct holders
156
-85 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4.7M | $190.4M | +27.0K (+0.6%) | Added |
| 2 | DIMENSIONAL FUND ADVISORS LP | 3.0M | $122.5M | +116.3K (+4.0%) | Added |
| 3 | FIRST TRUST ADVISORS LP | 1.4M | $56.9M | +16.2K (+1.2%) | Added |
| 4 | Glendon Capital Management LP | 1.3M | $53.0M | +0 (+0.0%) | No change |
| 5 | Allianz Asset Management GmbH | 560.8K | $22.9M | +143.7K (+34.4%) | Added |
| 6 | Invesco Ltd. | 465.7K | $19.0M | +156.3K (+50.5%) | Added |
| 7 | Bank of New York Mellon Corp | 402.1K | $16.4M | -16.1K (-3.9%) | Trimmed |
| 8 | Nuveen, LLC | 401.0K | $16.4M | -58.7K (-12.8%) | Trimmed |
| 9 | PRUDENTIAL FINANCIAL INC | 334.5K | $13.7M | +13.9K (+4.3%) | Added |
| 10 | DANSKE BANK A/S | 263.9K | $10.8M | — | New |
| 11 | ROYCE & ASSOCIATES LP | 262.3K | $10.7M | +1.0K (+0.4%) | Added |
| 12 | JPMORGAN CHASE & CO | 251.0K | $10.2M | +9.1K (+3.8%) | Added |
| 13 | Livforsakringsbolaget Skandia, Omsesidigt | 111.0K | $8.6M | +61.1K (+122.4%) | Added |
| 14 | Connor, Clark & Lunn Investment Management Ltd. | 204.2K | $8.3M | -96.9K (-32.2%) | Trimmed |
| 15 | PRINCIPAL FINANCIAL GROUP INC | 202.9K | $8.3M | -11.7K (-5.4%) | Trimmed |
| 16 | DENALI ADVISORS LLC | 182.3K | $7.4M | -343 (-0.2%) | Trimmed |
| 17 | UBS Group AG | 151.4K | $6.2M | +36.2K (+31.4%) | Added |
| 18 | Public Sector Pension Investment Board | 149.9K | $6.1M | +10.5K (+7.5%) | Added |
| 19 | FRANKLIN RESOURCES INC | 145.6K | $5.9M | +118.0K (+427.7%) | Added |
| 20 | Robeco Institutional Asset Management B.V. | 138.5K | $5.7M | +1.2K (+0.9%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Losses incurred jumped 22% YoY to $37.2M on flat premiums of $242.9M—what's driving the loss ratio deterioration and is this the new run-rate?
- 2
You repurchased $93M of stock this quarter versus $65M a year ago while AOCI swung $52M negative—how are you balancing buybacks against PMIERs capital headroom?
- 3
Premiums declined YoY despite a larger insurance-in-force base; is persistency or pricing pressure from competitors compressing your renewal book economics?
Refreshed when ACT files a new report · last from 2026-02-27
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