ACT Stock Summary and Trading Ideas (Enact Holdings | NASDAQ:ACT)

Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.

Enact Holdings trades on the NASDAQ stock market under the symbol ACT.

As of January 14, 2025, ACT stock price climbed to $31.74 with 385,682 million shares trading.

ACT has a beta of 0.54, meaning it tends to be less sensitive to market movements. ACT has a correlation of 0.12 to the broad based SPY ETF.

ACT has a market cap of $4.87 billion. This is considered a Mid Cap stock.

Last quarter Enact Holdings reported $310 million in Revenue and $1.16 earnings per share. This beat revenue expectation by $328,000 and exceeded earnings estimates by $.15.

In the last 3 years, ACT traded as high as $37.42 and as low as $19.21.

The top ETF exchange traded funds that ACT belongs to (by Net Assets): VTI, VB, IWM, VBR, AVUV.

ACT has underperformed the market in the last year with a price return of +15.7% while the SPY ETF gained +23.6%. ACT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.8% and -2.0%, respectively, while the SPY returned +0.8% and -1.0%, respectively.

ACT support price is $31.10 and resistance is $31.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACT shares will trade within this expected range on the day.