Enact Holdings Inc [ACT] stock prices are up 4.41% to $34.84 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACT shares have lost -0.37% over the last week, with a monthly amount glided 5.80%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Enact Holdings Inc [NASDAQ: ACT] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $29. Previously, BofA Securities upgraded its rating to Buy on November 13, 2023, and kept the price target unchanged to $30. On May 09, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $27 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $26.50 on February 08, 2023. Credit Suisse downgraded its rating to a Underperform but $24.50 remained the price target by the analyst firm on January 09, 2023. JP Morgan downgraded its rating to Neutral for this stock on September 06, 2022, but kept the price target unchanged to $27. In a note dated August 18, 2022, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $25.
The stock price of Enact Holdings Inc [ACT] has been fluctuating between $28.98 and $37.42 over the past year. Currently, Wall Street analysts expect the stock to reach $30.33 within the next 12 months. Enact Holdings Inc [NASDAQ: ACT] shares were valued at $34.84 at the most recent close of the market. An investor can expect a potential drop of -12.94% based on the average ACT price forecast.
Analyzing the ACT fundamentals
The Enact Holdings Inc [NASDAQ:ACT] reported sales of 1.20B for trailing twelve months, representing a surge of 1.89%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.76%, Pretax Profit Margin comes in at 0.73%, and Net Profit Margin reading is 0.57%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.14 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.07 points at the first support level, and at 33.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.04, and for the 2nd resistance point, it is at 37.24.
Ratios To Look Out For
It’s worth pointing out that Enact Holdings Inc [NASDAQ:ACT]’s Current Ratio is 1.91. Considering the valuation of this stock, the price to sales ratio is 4.39, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 7.98.
Transactions by insiders
Recent insider trading involved Genworth Holdings, Inc., 10% Owner, that happened on Mar 31 ’25 when 0.58 million shares were sold. EVP & Chief Operations Officer, Gould Brian completed a deal on Mar 06 ’25 to sell 15000.0 shares. Meanwhile, EVP, Gen. Counsel & Secretary Stolove Evan sold 7222.0 shares on Mar 04 ’25.
