Genworth Responds to UK Court's Approval of Santander's Appeal Request
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Court Appeal Decision: The UK Court of Appeal has granted Santander permission to appeal a High Court ruling that found it liable for approximately £680 million in damages related to the mis-selling of Payment Protection Insurance (PPI) policies, which were underwritten by companies acquired from Genworth Financial.
Genworth's Financial Position: Genworth Financial is entitled to a share of any funds recovered by the claimants from third parties regarding PPI-related losses, although these potential recoveries have not been included in Genworth's capital allocation plans.
Future Financial Strategy: Any proceeds from the litigation will be used according to Genworth's capital allocation priorities, which include investing in growth, returning capital to shareholders, and reducing debt.
Forward-Looking Statements: The press release contains forward-looking statements regarding potential litigation outcomes and their impact on Genworth's financial condition, emphasizing the uncertainties and risks involved in the appeal process.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ACT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ACT
Wall Street analysts forecast ACT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACT is 42.25 USD with a low forecast of 40.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 40.140
Low
40.00
Averages
42.25
High
45.00
Current: 40.140
Low
40.00
Averages
42.25
High
45.00
About ACT
Enact Holdings, Inc. operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation, a private mortgage insurance provider. The Company is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust, or other instruments constituting a lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions. Fannie Mae and Freddie Mac are government-sponsored enterprises.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enact Holdings Schedules Q4 2025 Earnings Release for February 3, 2026
- Earnings Release Schedule: Enact Holdings will issue its Q4 2025 earnings report after market close on February 3, 2026, which is expected to provide critical financial data for assessing the company's performance.
- Conference Call Details: The company will host a conference call on February 4, 2026, at 8:00 a.m. (ET) to review the fourth-quarter financial results, enhancing communication and transparency with investors.
- Participant Registration Requirement: Investors interested in joining the call must pre-register to obtain a dial-in number and unique PIN, ensuring smooth proceedings and increasing participation.
- Webcast and Archiving: The event will be available via live webcast on the company’s website and archived for one year, allowing investors who cannot attend in real-time to access the information later, thereby improving information accessibility.
Continue Reading
Enact Holdings Schedules Q4 2025 Earnings Release and Conference Call
- Earnings Release Schedule: Enact Holdings will issue its Q4 2025 earnings report after market close on February 3, 2026, showcasing the company's latest financial performance in the private mortgage insurance sector.
- Conference Call Timing: The company will hold a conference call on February 4, 2026, at 8:00 a.m. (ET) to analyze the earnings results and answer investor questions, enhancing engagement with shareholders.
- Participation Requirements: Participants are required to pre-register to obtain a dial-in number and unique PIN, with a recommendation to join at least 15 minutes early to ensure smooth participation in the Q&A session, thereby improving investor experience.
- Webcast and Archiving: The event will be available via live webcast on the company’s website and archived for one year post-event, allowing investors who cannot attend live to access the information at their convenience, thus enhancing transparency.
Continue Reading