BTIG analyst Ryan Gilbert reiterated a Buy rating on Enact Holdings (ACT – Research Report) on August 3 and set a price target of $28.00. The company’s shares closed last Thursday at $25.52, close to its 52-week high of $25.86.
According to TipRanks.com, Gilbert is a 4-star analyst with an average return of 10.3% and a 64.9% success rate. Gilbert covers the Financial sector, focusing on stocks such as Stewart Information Services, Fidelity National Financial, and First American Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enact Holdings with a $27.10 average price target, an 8.3% upside from current levels. In a report issued on August 2, J.P. Morgan also maintained a Buy rating on the stock with a $27.00 price target.
The company has a one-year high of $25.86 and a one-year low of $18.76. Currently, Enact Holdings has an average volume of 355.6K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Enact Holdings Inc is a private mortgage insurance provider. It is committed towards helping more people to achieve the dream of homeownership.
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