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Enact Holdings Inc (NASDAQ: ACT) closed the day trading at $32.78 up 1.11% from the previous closing price of $32.42. In other words, the price has increased by $1.11 from its previous closing price. On the day, 0.71 million shares were traded. ACT stock price reached its highest trading level at $32.865 during the session, while it also had its lowest trading level at $32.42.
Ratios:
For a better understanding of ACT, let’s 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 Oct 31 ’24 when Genworth Holdings, Inc. sold 682,729 shares for $35.90 per share. The transaction valued at 24,509,425 led to the insider holds 124,813,728 shares of the business.
Genworth Holdings, Inc. sold 673,037 shares of ACT for $24,227,380 on Sep 30 ’24. The 10% Owner now owns 125,496,457 shares after completing the transaction at $36.00 per share. On Aug 30 ’24, another insider, Genworth Holdings, Inc., who serves as the 10% Owner of the company, sold 697,093 shares for $33.57 each. As a result, the insider received 23,402,039 and left with 126,169,494 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 5103780352 and an Enterprise Value of 5134810624. As of this moment, Enact’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is 7.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.30 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 4.331.
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 -8.01%, while the 200-Day Moving Average is calculated to be 3.11%.
Shares Statistics:
Over the past 3-months, ACT traded about 337.65K shares per day on average, while over the past 10 days, ACT traded about 807710 shares per day. 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 18.53% stake in the company. Shares short for ACT as of 1728950400 were 960875 with a Short Ratio of 2.85, 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
ACT’s forward annual dividend rate is 0.69, up from 0.685 a year ago. Against a Trailing Annual Dividend Yield of 0.021128934
