ACT Stock Recent News

WATERTOWN, Mass. and LONG BEACH, Calif., May 20, 2024 /PRNewswire/ -- WiTricity, the leader in wireless electric vehicle charging, and International Transportation Service LLC (ITS) are launching a first-of-its-kind pilot program at the Port of Long Beach. The six-month program will test the effectiveness and efficiency of WiTricity's patented wireless charging technology in real-world conditions. This initiative will allow ITS to assess the effect of wireless charging on operational costs as it electrifies its light-duty fleet. It also highlights two significant firsts: the first wirelessly charged Ford E-Transit using WiTricity technology, and the first collaboration between WiTricity and ITS showcasing WiTricity's Halo™ wireless EV charging system in a practical fleet setting. WiTricity's wireless chargers will power a portion of ITS's light-duty fleet, which is used for transporting staff and visitors around the busy terminal. The data collected will guide ITS as it moves forward

ENDICOTT, N.Y.--(BUSINESS WIRE)--BAE Systems, a leader in electric propulsion, and Eaton, a global power management company, successfully tested their integrated electric drive system for medium- and heavy-duty commercial trucks. Using this technology, existing truck models can be easily adapted across various zero-emission applications, improving efficiency, performance, and flexibility. Testing occurred at Eaton’s proving grounds in Marshall, Michigan on a Class 7 demonstration vehicle. The vehicle met key on-road performance goals, including gradeability and highway speed, all within a single electric vehicle (EV) system. The compact system helps increase electrical efficiency and reduce vehicle weight. “Our robust solution is built on proven technology to meet the unique demands of EV trucks,” said Bob Lamanna, vice president and general manager of Power & Propulsion Solutions at BAE Systems. “This integrated approach simplifies the complex electric drive system for trucks

Enact Holdings, Inc. (NASDAQ:ACT ) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Corporate Participants Daniel Kohl - VP, Investor Relations Rohit Gupta - President and Chief Executive Officer Dean Mitchell - Chief Financial Officer Conference Call Participants Doug Harter - UBS Mihir Bhatia - Bank of America Bose George - KBW Rick Shane - JPMorgan Soham Bhonsle - BTIG Operator Good day and thank you for standing by. Welcome to Enact's First Quarter 2024 Earnings Call.

Enact Holdings (ACT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Enact Holdings shareholders have seen a total return of 11.6% in the last six months, outperforming other mortgage insurers and the S&P. Industry analysts have upgraded Enact Holdings' select peers with positive outlooks for the mortgage insurance industry in 2024. Mortgage origination volumes are expected to remain low in 2024, with modest increases towards the end of the year and in 2025.

Enact Holdings is viewed as a relatively defensive position with well-managed risks and commitment to shareholder interests. Recommended as a "buy" for long-term investors. The capital allocation framework includes returning at least $250 million to shareholders this year through dividends and buybacks.

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.

RALEIGH, N.C., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 6, 2023. Enact will host a conference call to review fourth quarter 2022 financial results on February 7, 2023 at 8:00 a.m. (ET).

RALEIGH, N.C., July 08, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its second quarter earnings release after the market closes on August 1, 2022. Enact will host a conference call to review second quarter 2022 financial results on August 2, 2022 at 8:00 a.m. (ET).