Enact Holdings Inc. (ACT) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Enact Holdings Inc.

Market cap $6B · 52 weeks $36 – $50 (6 % below the high) · P/E 9.9× · 2027 expected P/E 9.4× · Dividend 1.9 % · Next earnings November 4, 2026 · expected EPS $1.19 · Closing price, Oct 30 · accounts published Aug 5.

• Valuation: P/B 1.2× (justified).
• Business: 5-year op. margin 72.2 % (excellent).
• Balance sheet: Debt/Equity 0.14 (solid).
• Earnings: 5 of 8 (uneven).

What would it be worth at its usual multiples?

At a P/B justified by its ROE 12.8 % (1.5×) $58 (+23 %); at its peers' median (1.1×) $41 (-12 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 4 of 5 pass

• Dividend growth streak 1 años, fails.
• Op Margin 5y (Combined Ratio proxy) 72.2 %, passes.
• Book Value / Share growth 8.6 %, passes, near the threshold.
• Debt / Equity 0.14, passes.
• P/B (Price / Book) 1.2×, passes.

Against its peers (reference peers) — Enact Holdings Inc.: P/E 9.9×; P/B 1.2×; ROE 12.8 %; $6.5B. Essent Group Ltd. (P/E 9.3×; P/B 1.1×; ROE 11.9 %; $6.0B), MGIC Investment Corporation (P/E 8.9×; P/B 1.2×; ROE 13.9 %; $5.8B), Radian Group Inc. (P/E 9.0×; P/B 1.0×; ROE 11.3 %; $4.7B).

Expensive or cheap against its last ten fiscal years?

P/B at each close: today 1.2× · median 1.1× · minimum 0.8× · maximum 1.4× · cheap below 1.0× · expensive above 1.2×. It has been cheaper than today 87% of the time over its last ten fiscal years.

Dividend

tight (only raised recently) · Yield 1.9 % ($0.81 per share in 2025) · Years raising it 1 · 5-year growth -21 % a year · Free cash flow coverage payout 18 % · With $1,000 invested today you'd collect $19.10 a year ($1.59 a month).