Enact Holdings Etf Profile

ACT Etf  USD 31.18  0.22  0.71%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Enact Holdings is selling for under 31.18 as of the 28th of March 2024; that is 0.71% increase since the beginning of the trading day. The etf's last reported lowest price was 30.85. Enact Holdings has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during 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 27th of February 2024 and ending today, the 28th of March 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 159.11 M outstanding shares of which 984.15 K shares are presently shorted by investors with about 2.35 days to cover. More on Enact Holdings

Moving together with Enact Etf

  0.85ESNT Essent Group Financial Report 3rd of May 2024 PairCorr

Moving against Enact Etf

  0.47AMBC Ambac Financial Group Financial Report 14th of May 2024 PairCorr

Enact Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enact Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enact Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOAntoine Buuren
Thematic Ideas
(View all Themes)
Old NameActual Experience plc
Business ConcentrationProperty & Casualty Insurance, Insurance - Specialty, Financial Services, Obamacare, Insurance, 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 Provision182.54 Million
Total Current Liabilities536.89 Million
Total Stockholder Equity4.63 Billion
Currency CodeUSD
Fiscal Year EndDecember
Stock Based Compensation15.28 Million
Property Plant And Equipment Net11.3 Million
Begin Period Cash Flow513.77 Million
Net Debt143.27 Million
Cash615.68 Million
Other Operating Expenses250.31 Million
Non Current Assets Total5.11 Billion
Non Currrent Assets Other143.57 Million
Quarterly Earnings Growth Y O Y0.113
Forward Price Earnings8.1301
Long Term Debt745.42 Million
Cash And Short Term Investments5.9 Billion
50 Day M A28.2672
CodeACT
Common Stock Shares Outstanding161.85 Million
Liabilities And Stockholders Equity6.22 Billion
Country NameUSA
Net Interest Income(52.18 Million)
E P S Estimate Next Year3.9
Interest Expense51.87 Million
Investments(107.71 Million)
Other Current Assets1.11 Billion
Total Liab1.59 Billion
Free Cash Flow632.04 Million
Net Invested Capital5.38 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 Obamacare. Enact Holdings presently have 6.22 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

UVVUniversalStockConsumer Staples
SMGScotts Miracle GroStockMaterials
MOAltria GroupStockConsumer Staples
CCUCompania Cervecerias UnidasStockConsumer Staples
CRBPCorbus Pharmaceuticals HoldingStockHealth Care
STZConstellation Brands ClassStockConsumer Staples
PKIPerkinElmerStockHealth Care
More Details

Enact Holdings Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of Enact Holdings jumping above the current price in 90 days from now is near 1%. The Enact Holdings probability density function shows the probability of Enact Holdings etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Enact Holdings has a beta of 0.9095. This suggests Enact Holdings market returns are related to returns on the market. As the market goes up or down, Enact Holdings is expected to follow. Additionally, enact Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 31.18HorizonTargetOdds Above 31.18
99.26%90 days
 31.18 
0.73%
Based on a normal probability distribution, the odds of Enact Holdings to move above the current price in 90 days from now is near 1 (This Enact Holdings probability density function shows the probability of Enact Etf to fall within a particular range of prices over 90 days) .

Enact Holdings Major Institutional Holders

Institutional Holdings refers to the ownership stake in Enact Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enact Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enact Holdings' value.
InstituionRecorded OnShares
Nuveen Asset Management, Llc2023-12-31
626.5 K
Bank Of New York Mellon Corp2023-12-31
538.1 K
D. E. Shaw & Co Lp2023-09-30
510.4 K
Two Sigma Investments Llc2023-12-31
458.7 K
Allianz Asset Management Ag2023-12-31
411.1 K
Jpmorgan Chase & Co2023-12-31
405.3 K
Hotchkis & Wiley Capital Management Llc2023-12-31
395.8 K
Two Sigma Advisers, Llc2023-12-31
373 K
Prudential Financial Inc2023-12-31
370.5 K
Bayview Asset Management, Llc2023-12-31
4.4 M
Vanguard Group Inc2023-12-31
3.1 M
View Enact Holdings Diagnostics

Enact Holdings Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Enact Holdings market risk premium is the additional return an investor will receive from holding Enact Holdings long position in a well-diversified portfolio. 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. Although Enact Holdings' alpha and beta are two of the key measurements used to evaluate Enact Holdings' performance over the market, the standard measures of volatility play an important role as well.

Enact Holdings Against Markets

Picking the right benchmark for Enact Holdings etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enact Holdings etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enact Holdings is critical whether you are bullish or bearish towards Enact Holdings at a given time. Please also check how Enact Holdings' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Enact Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Enact Etf?

Before investing in Enact Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enact Holdings. To buy Enact Holdings etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enact Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Enact Holdings etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Enact Holdings etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Enact Holdings etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Enact Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Enact Holdings?

The danger of trading Enact Holdings is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enact Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enact Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enact Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Enact Holdings. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Enact Etf please use our How to Invest in Enact Holdings guide.
Note that the Enact Holdings information on this page should be used as a complementary analysis to other Enact Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Enact Etf analysis

When running Enact Holdings' price analysis, check to measure Enact Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enact Holdings is operating at the current time. Most of Enact Holdings' value examination focuses on studying past and present price action to predict the probability of Enact Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enact Holdings' price. Additionally, you may evaluate how the addition of Enact Holdings to your portfolios can decrease your overall portfolio volatility.
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The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.