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After finishing at $34.49 in the prior trading day, Enact Holdings Inc (NASDAQ: ACT) closed at $34.46, down -0.09%. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 2.09 million shares were traded. ACT stock price reached its highest trading level at $34.97 during the session, while it also had its lowest trading level at $33.75.
Ratios:
Our goal is to gain a better understanding of ACT by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on December 06, 2023, initiated with a Neutral rating and assigned the stock a target price of $29.
On November 13, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $30.
BofA Securities Upgraded its Underperform to Neutral on May 09, 2023, whereas the target price for the stock was revised from $25 to $27.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when Genworth Holdings, Inc. sold 673,037 shares for $36.00 per share. The transaction valued at 24,227,380 led to the insider holds 125,496,457 shares of the business.
Genworth Holdings, Inc. sold 697,093 shares of ACT for $23,402,039 on Aug 30 ’24. The 10% Owner now owns 126,169,494 shares after completing the transaction at $33.57 per share. On Jul 31 ’24, another insider, Genworth Holdings, Inc., who serves as the 10% Owner of the company, sold 337,312 shares for $31.01 each. As a result, the insider received 10,460,416 and left with 126,866,587 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACT now has a Market Capitalization of 5371590656 and an Enterprise Value of 5396383744. As of this moment, Enact’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.28, and their Forward P/E ratio for the next fiscal year is 8.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.53 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 4.551.
Stock Price History:
Over the past 52 weeks, ACT has reached a high of $37.42, while it has fallen to a 52-week low of $26.13. The 50-Day Moving Average of the stock is -3.72%, while the 200-Day Moving Average is calculated to be 8.85%.
Shares Statistics:
The stock has traded on average 280.47K shares per day over the past 3-months and 652870 shares per day over the last 10 days, according to various share statistics. A total of 159.34M shares are outstanding, with a floating share count of 29.74M. Insiders hold about 80.90% of the company’s shares, while institutions hold 18.47% stake in the company. Shares short for ACT as of 1728950400 were 960875 with a Short Ratio of 3.43, compared to 1726185600 on 1541036. Therefore, it implies a Short% of Shares Outstanding of 960875 and a Short% of Float of 3.5999999999999996.
Dividends & Splits
In the trailing 12 months, ACT’s forward annual dividend rate was 0.685, compared to 0.87 this year. Against a Trailing Annual Dividend Yield of 0.019860828