Enact Stock (NASDAQ:ACT)

Enact Holdings, Inc. operates as a specialized provider of private mortgage insurance across the United States. Its core operations involve both originating and assuming residential mortgage guaranty insurance coverage. The company furnishes private mortgage insurance offerings, predominantly safeguarding prime, individually assessed residential mortgage loans, in addition to supplying contract underwriting services to various mortgage lenders. Established in 1981, the firm was formerly recognized as Genworth Mortgage Holdings, Inc. until its renaming to Enact Holdings, Inc. in May 2021. This Raleigh, North Carolina-based entity functions as a subsidiary of Genworth Holdings, Inc.