Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Enact Holdings Inc. reported its financial results for the first quarter of 2025, highlighting both strengths and challenges faced by the company.</li><li>The company demonstrated robust financial performance with adjusted operating income of $169 million, marking a 2% increase year-over-year.</li><li>It reported an adjusted earnings per share (EPS) of $1.10, up 6% from the previous year, and adjusted return on equity was 13.4%.</li></ul>

Enact Holdings Inc. reported its financial results for the first quarter of 2025, highlighting both strengths and challenges faced by the company.The company demonstrated robust financial performance with adjusted operating income of $169 million, marking a 2% increase year-over-year.It reported an adjusted earnings per share (EPS) of $1.10, up 6% from the previous year, and adjusted return on equity was 13.4%.

Enact Holdings’ New Rate360 Engine—Is This AI-Powered Pricing Revolution Just the Beginning?

<ul><li>Enact Holdings reported a robust financial performance for 2024, driven by strong credit fundamentals and strategic execution despite facing external challenges.</li><li>The company achieved a record adjusted operating income of $718 million for the year, a 9% increase from the previous year, translating to $4.56 per diluted share.</li><li>Their adjusted return on equity stood at 15%, while the adjusted book value per share increased by 12% to $34.16.</li></ul>

Enact Holdings reported a robust financial performance for 2024, driven by strong credit fundamentals and strategic execution despite facing external challenges.The company achieved a record adjusted operating income of $718 million for the year, a 9% increase from the previous year, translating to $4.56 per diluted share.Their adjusted return on equity stood at 15%, while the adjusted book value per share increased by 12% to $34.16.

Enact Holdings: Reinsurance Business Growth to Capitalize On Future Opportunities!

<ul><li>Enact Holdings delivered robust financial performance in the third quarter of 2024, displaying strength in its core operations while navigating a complex economic environment.</li><li>The firm reported an adjusted operating income of $182 million, marking an 11% increase from the prior year, with an adjusted earnings per share (EPS) of $1.16.</li><li>The adjusted return on equity stood at 15%, aligning with a solid growth trajectory as adjusted book value per share climbed to $33.27, showing a 10% year-over-year increase.</li></ul>

Enact Holdings delivered robust financial performance in the third quarter of 2024, displaying strength in its core operations while navigating a complex economic environment.The firm reported an adjusted operating income of $182 million, marking an 11% increase from the prior year, with an adjusted earnings per share (EPS) of $1.16.The adjusted return on equity stood at 15%, aligning with a solid growth trajectory as adjusted book value per share climbed to $33.27, showing a 10% year-over-year increase.

Enact Holdings Inc.: Strategic Capital Allocation & Diversified Growth Initiatives As A Primary Growth Accelerator! - Major Drivers

Credit

<ul><li>Enact's Q2 2024 earnings call highlighted a strong performance amid an evolving economic landscape.</li><li>The company reported an adjusted operating income of $201 million, a 21% sequential increase, and a 13% year over-year rise.</li><li>Adjusted earnings per share stood at $1.27, with a robust 17% adjusted return on equity.</li></ul>

Enact's Q2 2024 earnings call highlighted a strong performance amid an evolving economic landscape.The company reported an adjusted operating income of $201 million, a 21% sequential increase, and a 13% year over-year rise.Adjusted earnings per share stood at $1.27, with a robust 17% adjusted return on equity.

<ul><li>Enact's first quarter 2024 financial results showcase a company navigating through complex market dynamics while maintaining a robust financial position.</li><li>This quarter reflects a solid corporate strategy focused on risk management, capital return, and iterative growth amidst fluctuating economic conditions.</li><li>Enact reported a net income of $161 million, translating to $1.01 per diluted share, and an achieved return on equity of 14%.</li></ul>

Enact's first quarter 2024 financial results showcase a company navigating through complex market dynamics while maintaining a robust financial position.This quarter reflects a solid corporate strategy focused on risk management, capital return, and iterative growth amidst fluctuating economic conditions.Enact reported a net income of $161 million, translating to $1.01 per diluted share, and an achieved return on equity of 14%.

Enact Holdings: Initiation of Coverage - How Are They Carrying Out Effective Capital and Risk Management? - Major Drivers

United States

Enact Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides mortgage insurance services to mortgage lenders and investors.

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Enact Holdings Inc (ACT US)

Enact Holdings’ New Rate360 Engine—Is This AI-Powered Pricing Revolution Just the Beginning?

Enact Holdings Inc. reported its financial results for the first quarter of 2025, highlighting both strengths and challenges faced by the...

Baptista Research

Enact Holdings: Reinsurance Business Growth to Capitalize On Future Opportunities!

Enact Holdings reported a robust financial performance for 2024, driven by strong credit fundamentals and strategic execution despite facing...

Baptista Research

Enact Holdings Inc.: Strategic Capital Allocation & Diversified Growth Initiatives As A Primary Growth Accelerator! - Major Drivers

Enact Holdings delivered robust financial performance in the third quarter of 2024, displaying strength in its core operations while navigating a...

Baptista Research

Enact Holdings Inc.: Credit Performance

Enact's Q2 2024 earnings call highlighted a strong performance amid an evolving economic landscape. The company reported an adjusted operating...

Baptista Research

Enact Holdings: Initiation of Coverage - How Are They Carrying Out Effective Capital and Risk Management? - Major Drivers

Enact's first quarter 2024 financial results showcase a company navigating through complex market dynamics while maintaining a robust financial...

Baptista Research

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