# Enact Holdings, Inc. (ACT)

> Source: Nexqual · https://nexqual.com/ACT · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Enact Holdings, Inc. (ACT), nexqual.com/ACT" · informational, not investment advice.

**Price:** USD 45.67 (+1.02% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 45.21 · day 45.52–46.37 · 52w 34.64–50.56 · market cap $6.28B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.25B, net income $683M (54.5% margin) (SEC filings).
- Valuation: P/E 9.2x (avg 7.7x at the last 3 fiscal year-ends), net debt $248M.
- Analysts: Hold (mean 3.17 on a 1–5 scale) (6 analysts), mean target USD 49.4 (range 44–53).
- Total return with dividends: 1Y +33.1% vs S&P 500 +18.1%; 5Y +165.7% vs S&P 500 +85.1%.
- Next earnings: 2026-11-04, EPS estimate USD 1.2, revenue estimate $318M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.12B | $1.10B | $1.15B | $1.20B | $1.24B | $1.25B |
| Net income | $547M | $704M | $666M | $688M | $674M | $683M |
| EPS (diluted) | $3.36 | $4.31 | $4.11 | $4.37 | $4.52 | — |
| Net margin | 48.9% | 64.3% | 57.7% | 57.3% | 54.6% | 54.5% |
| Revenue growth | +1.0% | -2.0% | +5.4% | +4.2% | +2.8% | — |
| Cash + short-term investments | $426M | $517M | $636M | $603M | $582M | — |
| Total debt | $740M | $743M | $745M | $743M | $744M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.2x · P/S 5.0x · EV/Sales 5.2x · P/B 1.2x · Earnings yield 10.88% · Dividend yield (paid, TTM) 1.98% · Buyback yield (TTM) 6.67% · Net debt $248M · EV $6.53B
P/E at fiscal year-ends: Dec 2025 8.8x, Dec 2024 7.4x, Dec 2023 7.0x.

## Analysts
Consensus Hold (mean 3.17 on a 1–5 scale), 6 analysts; mean target USD 49.4 (low 44, high 53).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | JP Morgan | Downgrade | Neutral → Underweight | $48 → $44 |
| 2026-08-10 | Keefe, Bruyette & Woods | Target raised | Market Perform | $44 → $49 |
| 2026-08-07 | RBC Capital | Target raised | Sector Perform | $46 → $50 |
| 2026-08-07 | JP Morgan | Target raised | Neutral | $46 → $48 |
| 2026-07-13 | JP Morgan | Target raised | Neutral | $45 → $46 |
| 2026-06-25 | RBC Capital | Initiated | Sector Perform | $46 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +33.1% | +165.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +33.3% | +21.5% |
| Volatility (annualized) | 22.6% | 22.1% |
| Max drawdown | -13.6% (Sep 2026→Sep 2026) | -17.3% (Aug 2022→Sep 2022) |

## Peers (Insurance - Specialty)
FAF (First American Corporation (New) USD 63.43 +2.03% · ESNT (Essent Group Ltd.) USD 63.76 +2.77% · MTG (MGIC Investment Corporation) USD 27.61 +1.81% · AXS (Axis Capital Holdings Limited) USD 97.93 +0.39% · RDN (Radian Group Inc.) USD 33.6 -0.44% · FNF (Fidelity National Financial, In) USD 39.68 +1.15%

## More
Full page: https://nexqual.com/ACT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt