Enact Holdings is a private mortgage insurance company. Through its subsidiaries, Co. provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans where the loan amount exceeds 80% of the value of the home ("low-down payment loans"). Co.'s credit protection provides families access to homeownership sooner than would otherwise be possible. Co. facilitates the sale of mortgages to the secondary market, including to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation and private investors, and protect the balance sheets of mortgage lenders that retain mortgages in their portfolios. We show 11 historical shares outstanding datapoints in our ACT shares outstanding history coverage, used to compute ACT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACT market cap history over the course of time is important for investors
interested in comparing ACT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACT versus a peer is one thing; comparing
ACT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACT can fluctuate over the course of history.
With this page we aim to empower investors researching ACT by allowing them to research the ACT market cap history. |
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Video: The Importance of Market Cap
