NASDAQ:ACT

Enact (ACT) Price, Holdings, & News

$31.48
+0.17 (+0.54%)
(As of 05/7/2024 ET)
Today's Range
$31.38
$31.80
50-Day Range
$27.37
$31.48
52-Week Range
$23.36
$31.81
Volume
169,757 shs
Average Volume
282,139 shs
Market Capitalization
$4.97 billion
Assets Under Management
$12.40 million
Dividend Yield
2.03%
Net Expense Ratio
0.75%
ACT stock logo

About Enact (NASDAQ:ACT)

Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. It engages in writing and assuming residential mortgage guaranty insurance. The company also offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; contract underwriting services for mortgage lenders; and mortgage-related reinsurance products. It primarily serves originators of residential mortgage loans. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. operates as a subsidiary of Genworth Holdings Inc.

ACT Stock Price History

ACT ETF News Headlines

The new financial threat that could wipe out millions…
During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.
The new financial threat that could wipe out millions…
During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.
Q1 2024 Enact Holdings Inc Earnings Call
See More Headlines
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Fund Details

Issuer
AdvisorShares
Fund Name
AdvisorShares Vice ETF
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:ACT
Inception Date
12/12/2017
Fund Manager
Dan S. Ahrens, Robert M. Parker

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Strategy
Focus
Theme
Development Level
Developed Markets
Region
North America
Number of Holdings
0

Fund Statistics

Assets Under Management
$12.40 million
Average Daily Volume
$1,652.50
Discount/Premium
0.00%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
AdvisorShares Investments, LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Foreside Fund Services, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
N/A

Miscellaneous

Beta
0.60
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Enact Expenses

TypeACTTheme ETFsEquity ETFsNASDAQ ETFsAll ETFs
Management Fee0.60%0.57%0.54%0.48%0.51%
Other Expenses0.31%0.72%0.54%0.34%0.58%
Total Expense0.91%0.72%0.70%0.58%0.70%
Fee Waiver-0.16%-0.76%-0.55%-0.22%-0.57%
Net Expense0.75%0.59%0.60%0.54%0.58%

Enact (ACT) Exposure

ACT Sector Exposure

ACT Industry Exposure


ACT ETF - Frequently Asked Questions

Should I buy or sell Enact stock right now?

0 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enact in the last year. There are currently for the stock. The consensus among Wall Street research analysts is that investors should "n/a" ACT shares.
View ACT analyst ratings
or view top-rated stocks.

What is Enact's stock price target for 2024?

0 Wall Street research analysts have issued 1 year target prices for Enact's stock. Their ACT share price targets range from $0.00 to $0.00. On average, they predict the company's stock price to reach $0.00 in the next twelve months. This suggests that the stock has a possible downside of 100.0%.
View analysts price targets for ACT
or view top-rated stocks among Wall Street analysts.

How have ACT shares performed in 2024?

Enact's stock was trading at $28.89 at the beginning of the year. Since then, ACT shares have increased by 9.0% and is now trading at $31.48.
View the best growth stocks for 2024 here
.

Are investors shorting Enact?

Enact saw a drop in short interest in April. As of April 15th, there was short interest totaling 884,300 shares, a drop of 13.3% from the March 31st total of 1,020,000 shares. Based on an average trading volume of 281,400 shares, the short-interest ratio is presently 3.1 days. Currently, 2.9% of the company's stock are sold short.
View Enact's Short Interest
.

When is Enact's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our ACT earnings forecast
.

How were Enact's earnings last quarter?

Enact Holdings, Inc. (NASDAQ:ACT) posted its quarterly earnings results on Wednesday, May, 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The business had revenue of $291.58 million for the quarter, compared to analysts' expectations of $307.29 million. Enact had a net margin of 55.87% and a trailing twelve-month return on equity of 14.86%. During the same quarter last year, the firm posted $1.08 EPS.

How often does Enact pay dividends? What is the dividend yield for Enact?

Enact declared a quarterly dividend on Wednesday, May 1st. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.185 per share on Thursday, June 13th. This represents a $0.74 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, May 29th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for ACT
.

What does ACT invest in?

Enact is a equity fund issued by AdvisorShares. ACT focuses on theme investments. The fund's investments total to approximately $12.40 million assets under management.

What is the management fee for Enact?

Enact's management fee is 0.60% and has other expenses of 0.31%. However, ACT has a fee waiver of -0.16% to reimburse the expenses. The net expense ratio for ACT is 0.75%.

What is Dave Page's approval rating as Enact's CEO?

12 employees have rated Enact Chief Executive Officer Dave Page on Glassdoor.com. Dave Page has an approval rating of 100% among the company's employees. This puts Dave Page in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Enact own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enact investors own include Cara Therapeutics (CARA), Cronos Group (CRON), Innovative Industrial Properties (IIPR), Amplify Alternative Harvest ETF (MJ), Organigram (OGI), Tilray (TLRY), Zynerba Pharmaceuticals (ZYNE) and

When did Enact IPO?

Enact (ACT) raised $253 million in an initial public offering (IPO) on Thursday, September 16th 2021. The company issued 13,310,400 shares at $19.00 per share.

Who are Enact's major shareholders?

Enact's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Denali Advisors LLC (0.11%), Sei Investments Co. (0.05%), Russell Investments Group Ltd. (0.03%), Principal Financial Group Inc. (0.02%), Measured Wealth Private Client Group LLC (0.02%) and Renaissance Capital LLC (0.01%). Insiders that own company stock include Anne G Waleski, Brian Gould, Dominic James Addesso, Genworth Holdings, Inc, Hardin Dean Mitchell and Rohit Gupta.
View institutional ownership trends
.

How do I buy shares of Enact?

Shares of ACT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ACT) was last updated on 5/8/2024 by MarketBeat.com Staff

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