[ad_1]
Enact Holdings said on February 9, 2023 that its board of directors declared a regular
quarterly dividend of $0.14 per share ($0.56 annualized).
Shareholders of record as of February 22, 2023
will receive the payment on March 9, 2023.
Previously, the company paid $0.14 per share.
At the current share price of $24.34 / share,
the stock’s dividend yield is 2.30%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.68%,
the lowest has been 2.09%,
and the highest has been 7.02%.
The standard deviation of yields is 2.07 (n=34).
The current dividend yield is
0.67 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.39.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
Analyst Price Forecast Suggests 11.75% Upside
As of February 13, 2023,
the average one-year price target for Enact Holdings is $27.20.
The forecasts range from a low of $24.74 to a high of $31.50.
The average price target represents an increase of 11.75% from its latest reported closing price of $24.34.
The projected annual revenue for Enact Holdings
is $1,132MM, an increase of 3.37%.
The projected annual EPS
is $3.30, a decrease of 23.80%.
What is the Fund Sentiment?
There are 245 funds or institutions reporting positions in Enact Holdings.
This is an increase
of
29
owner(s) or 13.43% in the last quarter.
Average portfolio weight of all funds dedicated to ACT is 0.30%,
a decrease
of 10.61%.
Total shares owned by institutions decreased
in the last three months by 4.10% to 32,211K shares.
The put/call ratio of ACT is 1.09, indicating a
bearish
outlook.
What are large shareholders doing?
Bayview Asset Management
holds 13,910K shares
representing 8.54% ownership of the company.
In it’s prior filing, the firm reported owning 14,871K shares, representing
a decrease
of 6.91%.
The firm
increased
its portfolio allocation in ACT by 18.06% over the last quarter.
FLPSX – Fidelity Low-Priced Stock Fund
holds 2,573K shares
representing 1.58% ownership of the company.
In it’s prior filing, the firm reported owning 2,260K shares, representing
an increase
of 12.17%.
The firm
increased
its portfolio allocation in ACT by 32.29% over the last quarter.
Glendon Capital Management
holds 1,299K shares
representing 0.80% ownership of the company.
No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,001K shares
representing 0.61% ownership of the company.
In it’s prior filing, the firm reported owning 967K shares, representing
an increase
of 3.37%.
The firm
increased
its portfolio allocation in ACT by 11.34% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 826K shares
representing 0.51% ownership of the company.
In it’s prior filing, the firm reported owning 820K shares, representing
an increase
of 0.71%.
The firm
increased
its portfolio allocation in ACT by 8.40% over the last quarter.
Enact Holdings Background Information
(This description is provided by the company.)
Enact Holdings, Inc. operates as a holding company. Through its subsidiaries, Enact provides mortgage insurance services to mortgage lenders and investors.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
[ad_2]
Image and article originally from www.nasdaq.com. Read the original article here.