Enact Holdings, Inc. is a private mortgage insurance company. The Company operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. It is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 16.24%.
Overvalued
The company’s latest PE is 8.82, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 150.37M shares, decreasing 3.04% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 3.28M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.14.