Enact Holdings Etf Profile
| ACT Etf | USD 35.26 0.01 0.03% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Enact Holdings is selling for under 35.26 as of the 28th of November 2024; that is 0.03 percent increase since the beginning of the trading day. The etf's last reported lowest price was 35.08. Enact Holdings has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Enact Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Insurance | IPO Date 16th of September 2021 | Category Financial Services | Classification Financials |
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. Enact Holdings is listed under InsuranceSpecialty in the United States and is traded on NASDAQ Exchange exchange. The company has 153.59 M outstanding shares of which 1.44 M shares are presently shorted by investors with about 2.45 days to cover. More on Enact Holdings
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Enact Etf Highlights
| CEO President | Rohit Gupta |
| Thematic Ideas | (View all Themes) |
| Old Name | Actual Experience plc |
| Business Concentration | Property & Casualty Insurance, Insurance - Specialty, Financial Services, WSE WIG INDEX, Warsaw WIG80 Index, NASDAQ Composite, Insurance, Obamacare, Financials, Insurance, Insurance—Specialty, Financial Services (View all Sectors) |
| Average Analyst Recommendation Analysts covering Enact Holdings report their recommendations after researching Enact Holdings' financial statements, talking to executives and customers, or listening in on Enact Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Enact Holdings. The Enact consensus assessment is calculated by taking the average forecast from all of the analysts covering Enact Holdings. | |
| Tax Provision | 182.54 Million |
| Total Current Liabilities | 536.89 Million |
| Total Stockholder Equity | 4.63 Billion |
| Currency Code | USD |
| Fiscal Year End | December |
| Stock Based Compensation | 15.28 Million |
| Property Plant And Equipment Net | 11.3 Million |
| Begin Period Cash Flow | 513.77 Million |
| Net Debt | 129.73 Million |
| Cash | 615.68 Million |
| Other Operating Expenses | 250.31 Million |
| Non Current Assets Total | 5.11 Billion |
| Non Currrent Assets Other | 143.57 Million |
| Quarterly Earnings Growth Y O Y | 0.127 |
| Forward Price Earnings | 8.2034 |
| Long Term Debt | 745.42 Million |
| Cash And Short Term Investments | 5.88 Billion |
| 50 Day M A | 35.259 |
| Code | ACT |
| Common Stock Shares Outstanding | 161.85 Million |
| Liabilities And Stockholders Equity | 6.19 Billion |
| Country Name | USA |
| Net Interest Income | (52.18 Million) |
| E P S Estimate Next Year | 4.3532 |
| Interest Expense | 51.87 Million |
| Investments | (107.71 Million) |
| Other Current Assets | 1.11 Billion |
| Free Cash Flow | 632.04 Million |
| Net Invested Capital | 5.38 Billion |
Enact Holdings [ACT] is traded in USA and was established 2017-12-11. Enact Holdings is listed under Property & Casualty Insurance category by Fama And French industry classification. The fund is classified under Financials category within Insurance family. The entity is thematically classified as Insurance. Enact Holdings presently have 6.19 B in assets under management (AUM). with the current yeild of 0.02%, while the total return for the last year was -6.99%.
Enact Holdings has about 538.21 M in cash with 632.04 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.31.
Check Enact Holdings Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Enact Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Enact Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Enact Holdings Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Enact Holdings Etf Constituents
| UVV | Universal | Stock | Consumer Staples | |
| SMG | Scotts Miracle Gro | Stock | Materials | |
| MO | Altria Group | Stock | Consumer Staples | |
| CCU | Compania Cervecerias Unidas | Stock | Consumer Staples | |
| CRBP | Corbus Pharmaceuticals Holding | Stock | Health Care | |
| STZ | Constellation Brands Class | Stock | Consumer Staples | |
| PKI | PerkinElmer | Stock | Health Care | |
| ABT | Abbott Laboratories | Stock | Health Care |
Enact Holdings Major Institutional Holders
| Instituion | Recorded On | Shares | |
| Jpmorgan Chase & Co | 2024-06-30 | 657.4 K | |
| Millennium Management Llc | 2024-06-30 | 639 K | |
| American Century Companies Inc | 2024-09-30 | 555.9 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 554.7 K | |
| Nuveen Asset Management, Llc | 2024-06-30 | 503.7 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 501.1 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 414.9 K | |
| Prudential Financial Inc | 2024-09-30 | 385.2 K | |
| Hotchkis & Wiley Capital Management Llc | 2024-09-30 | 360.9 K | |
| Vanguard Group Inc | 2024-09-30 | 3.1 M | |
| Bayview Asset Management, Llc | 2024-09-30 | 2.7 M |
Enact Holdings Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enact Holdings. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.07) |
Enact Holdings Against Markets
Other Information on Investing in Enact Etf
Enact Holdings financial ratios help investors to determine whether Enact Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enact with respect to the benefits of owning Enact Holdings security.