ACT - Enact Holdings: Undervalued With Expansion Potential
2023-04-10 00:30:31 ET
Summary
- The PMI sector has risen to prominence, solidifying the bedrock upon which mortgage lending operates in the contemporary epoch of the American housing market.
- Enact Holdings is a leading presence in the American private mortgage insurance (PMI) market, specializing in residential mortgage guaranty insurance for prime-based, individual underwritten loans.
- Enact Holdings boasted an impressive $242 billion in insurance in force, buttressed by a pristine balance sheet and a book value of equity totaling $4.1 billion, and tactfully incorporated reinsurance.
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Enact Holdings: Undervalued With Expansion Potential