New insider activity at Enact Holdings ( (ACT) ) has taken place on May 2, 2025.
Significant shareholder Genworth Holdings, Inc. has divested 561,977 shares of Enact Holdings stock, amounting to a transaction worth $19,438,784.
Recent Updates on ACT stock
Enact Holdings reported a strong start to 2025 with Q1 revenue surpassing expectations at $306.78 million, compared to the consensus of $302.24 million. The company announced a 14% increase in its quarterly dividend and a new share repurchase program, reflecting robust financial health and commitment to shareholder returns. Additionally, Enact is set to replace SolarWinds in the S&P 600, potentially increasing its visibility among investors. However, Keefe Bruyette lowered the price target for Enact Holdings from $41 to $39, maintaining an Outperform rating. This adjustment reflects cautious optimism amid an uncertain economic backdrop, despite the company’s strong liquidity and strategic positioning.
Spark’s Take on ACT Stock
According to Spark, TipRanks’ AI Analyst, ACT is a Outperform.
Enact Holdings demonstrates a strong financial position with high profitability and robust equity, contributing significantly to its overall stock score. The valuation suggests the stock is undervalued, offering potential upside. While technical indicators show neutral momentum, the positive sentiment from the latest earnings call and strategic board changes provide a generally optimistic outlook, despite some operational challenges like increased delinquencies.
To see Spark’s full report on ACT stock, click here.
More about Enact Holdings
YTD Price Performance: 11.15%
Average Trading Volume: 429,583
Technical Sentiment Signal: Strong Sell
Current Market Cap: $5.42B