A new trading day began on Monday, with Enact Holdings Inc (NASDAQ: ACT) stock price down -0.46% from the previous day of trading, before settling in for the closing price of $34.65. ACT’s price has ranged from $26.01 to $37.42 over the past 52 weeks.
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Annual sales at Financial sector company grew by 6.75% over the past five years. Meanwhile, its annual earnings per share averaged 2.96%. With a float of $29.74 million, this company’s outstanding shares have now reached $159.34 million.
Let’s look at the performance matrix of the company that is accounted for 465 employees. In terms of profitability, gross margin is 99.81%, operating margin of 75.78%, and the pretax margin is 72.0%.
Enact Holdings Inc (ACT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Specialty Industry. The insider ownership of Enact Holdings Inc is 80.90%, while institutional ownership is 18.47%. The most recent insider transaction that took place on Sep 30 ’24, was worth 24,227,380. In this transaction 10% Owner of this company sold 673,037 shares at a rate of $36.00, taking the stock ownership to the 125,496,457 shares. Before that another transaction happened on Aug 30 ’24, when Company’s 10% Owner sold 697,093 for $33.57, making the entire transaction worth $23,402,039. This insider now owns 126,169,494 shares in total.
Enact Holdings Inc (ACT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.53% during the next five years compared to 6.71% growth over the previous five years of trading.
Enact Holdings Inc (NASDAQ: ACT) Trading Performance Indicators
Here are Enact Holdings Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.53. Likewise, its price to free cash flow for the trailing twelve months is 7.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.16, a number that is poised to hit 1.00 in the next quarter and is forecasted to reach 4.16 in one year’s time.
Technical Analysis of Enact Holdings Inc (ACT)
Enact Holdings Inc (NASDAQ: ACT) saw its 5-day average volume 0.67 million, a positive change from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 3.42%. Additionally, its Average True Range was 0.62.
During the past 100 days, Enact Holdings Inc’s (ACT) raw stochastic average was set at 63.60%, which indicates a significant increase from 3.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.84% in the past 14 days, which was lower than the 17.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.79, while its 200-day Moving Average is $31.63. Nevertheless, the first resistance level for the watch stands at $35.07 in the near term. At $35.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $35.99. If the price goes on to break the first support level at $34.15, it is likely to go to the next support level at $33.81. The third support level lies at $33.23 if the price breaches the second support level.
Enact Holdings Inc (NASDAQ: ACT) Key Stats
With a market capitalization of 5.37 billion, the company has a total of 157,292K Shares Outstanding. Currently, annual sales are 1,154 M while annual income is 665,510 K. The company’s previous quarter sales were 298,830 K while its latest quarter income was 183,670 K.
