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Enact Holdings, Inc. (ACT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.07-0.39 (-1.66%)
As of 10:35AM EDT. Market open.
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  • C
    Concerned Citizen
    So, current estimates show analysts expecting ACT to earn over $3/share/year…and those could get raised.

    Then, as ACT and other insurance companies many times trade on a price to book ratio, that would mean the share price of ACT should rise at nearly that amount less dividends to keep the same price to book ratio around 1.0 (or 0.9x).

    Now, I would expect the analysts to perhaps raise their annual earnings estimates over $3.50/year so that just means the return on ACT should be around $3.50/year by a combination of share price plus dividend. At a share price of $25, that would be an annual return on investment of $3.50/$25 = 14% which is a good return and with limited downside.

    The upside could be that mortgage applications rose last week, ACT has loan reserves that can still be reversed, etc., etc.
  • J
    JeffS
    I know that bid/ask spreads on stocks like ACT can be pretty wide so it can be hard to know the actual trading level. If anyone is interested, I was able to sell ACT 1/20/2023 $30.00 Calls for $1.10 today.
  • b
    blu10duck
    wake me up when we get to 28.00.....5.00 dollars a share is worth that....
  • k
    kevin
    act should start buyback as well!
  • b
    blu10duck
    after that report who aint't buying.....adding and adding more....
  • L
    Living
    Somethings fishy with this company im living on oversea and couldn't view their website but only ae to view their ir pages
  • B
    Bjohn
    $25.80 book value!!
    Bullish
  • s
    stocktracker000
    Funny...

    ACT generates 500M+ in net income every year and trades at MC = 3.3B

    while RIVN generates ZERO revenue and trades at MC = 100B+...

    Welcome to the new dot come era. As the saying goes, it's different this time...

    In My eyes there is no difference, must be color blind...

    Good Luck to all and do your due diligence always...
  • J
    JeffS
    Someone must have inside information on a dividend announcement.
  • M
    Michael
    Disappointed they didn't announce a dividend policy just the special dividend - but it's a start.
  • C
    Concerned Citizen
    After 3 weeks of trading here…why are there no options listed for trading? I realize the daily trading volume is lower…but aren’t Market Makers supposed to be ‘making a market’…which would seem to include options?

    Of course, I’d prefer to know the dividend payment amount and date prior to taking any substantive position…but lets get some listed and going here.
  • J
    Juan
    Price target for this one?
  • b
    blu10duck
    that volume was impressive today and the pps shows it...
  • J
    JeffS
    VERY light volume but initial trade seems to reflect disappointment that regular dividend will not be implemented until mid-year. Based on earnings and BV, the share price should be doing better compared to its competitors.
  • J
    JeffS
    Should be up, up and away with next week's earnings report especially if they announce a regular dividend rate.
  • B
    Be_Positive
    A cheaper way to buy ACT is by buying GNW - obviously - almost 20% discount !
  • M
    Michael
    So the only 2 "institutional holders" dropping off are Diameter Capital Partners and Millenium Management
  • J
    John
    The average volume of this stock will be less than 1mm shares a day. Therefore will not really affect the value of GNW holding.
  • B
    Bjohn
    RDN has 7X more volume than ACT and they both basically do the same thing and are the same size. Once ACT gets in some indexes it will become more liquid and start moving more. 92k volume is very very low.
  • M
    Michael
    Dividend announcement before earnings in February or at the same time as earnings?
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