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Enact Holdings stock reached a significant milestone, hitting an all-time high of $37.59. The company, with a market capitalization of $5.64 billion, maintains a GREAT financial health score according to InvestingPro analysis. This marks a notable achievement for the company, reflecting strong investor confidence and robust market performance. Over the past year, Enact Holdings has experienced a remarkable 24.19% increase in its stock price, with a 16.6% gain year-to-date. Trading at a P/E ratio of 8.23, the stock currently appears overvalued according to InvestingPro’s Fair Value analysis. This upward trajectory highlights the company’s successful strategies and favorable market conditions that have contributed to its rising stock value. Additional insights and 6 more ProTips are available on InvestingPro.
In other recent news, Enact Holdings Inc (NASDAQ:ACT). reported its Q1 2025 earnings, which aligned with analysts’ forecasts. The company achieved an earnings per share (EPS) of $1.08 and generated revenue of $306.8 million. This performance was supported by a 2% year-over-year increase in adjusted operating income and a 6% rise in adjusted EPS. Enact Holdings’ financial stability is further underscored by its robust capital position, maintaining a PMIERs sufficiency ratio of 165. The company’s recent introduction of the Rate 360 pricing engine highlights its focus on innovation within the competitive landscape. Analysts have noted the firm’s consistent performance, with adjusted operating income reaching $169 million, marking a 2% increase from the previous year. Looking ahead, Enact Holdings projects total capital returns of $350 million for 2025. The company continues to concentrate on serving first-time homebuyers, despite challenges in the housing market.
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