BTIG analyst Eric Hagen maintained a Buy rating on Enact Holdings (ACT – Research Report) on March 10 and set a price target of $28.00. The company’s shares closed yesterday at $21.61.
According to TipRanks, Hagen is an analyst with an average return of -7.6% and a 28.91% success rate. Hagen covers the Financial sector, focusing on stocks such as AGNC Investment, Two Harbors, and Redwood.
Enact Holdings has an analyst consensus of Hold, with a price target consensus of $26.00.
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Based on Enact Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $276.67 million and a net profit of $143.81 million. In comparison, last year the company earned a revenue of $275.17 million and had a net profit of $153.53 million
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACT in relation to earlier this year.
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Enact Holdings Inc is a private mortgage insurance provider. It is committed towards helping more people to achieve the dream of homeownership.
Read More on ACT:
- GSEs Confirm Satisfaction of the GSE Conditions and Lifting of the GSE Restrictions
- Enact Mortgage Insurance Completes XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program
- Enact Announces Integration with Polly’s Product and Pricing Engine
- Enact Welcomes Jerome Upton to its Board of Directors
- Enact Holdings management to meet virtually with BTIG
