New insider activity at Enact Holdings ( (ACT) ) has taken place on November 3, 2025.
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Significant shareholder Genworth Holdings, Inc. has divested 940,819 shares of Enact Holdings stock, amounting to a transaction worth $34,048,239.
Recent Updates on ACT stock
In the last 24 hours, Enact Holdings has experienced significant developments that have influenced its stock performance. The company announced securing approximately $170 million in additional excess of loss reinsurance coverage, effective from January 1, 2027, which is expected to enhance its financial stability. This announcement coincided with Keefe Bruyette raising their price target for Enact Holdings from $40 to $42, reflecting confidence in the company’s strategic financial maneuvers. Additionally, Enact Holdings secured a new $435 million credit facility, further strengthening its financial position. These developments, along with a ratings upgrade from Moody’s, have contributed to a positive outlook for the company’s stock, supported by favorable risk/reward dynamics and robust financial health.
Spark’s Take on ACT Stock
According to Spark, TipRanks’ AI Analyst, ACT is a Outperform.
Enact Holdings scores highly due to its strong financial performance, characterized by robust profitability and zero debt reliance. The company’s favorable valuation and optimistic earnings call sentiment further enhance its attractiveness. While technical indicators show mixed signals, the overall outlook remains positive, driven by strategic achievements and effective risk management.
To see Spark’s full report on ACT stock, click here.
More about Enact Holdings
YTD Price Performance: 12.19%
Average Trading Volume: 349,761
Technical Sentiment Signal: Buy
Current Market Cap: $5.27B