FMP

FMP

Enact Holdings, Inc. (NASDAQ: ACT) Overview: Stability and Growth Prospects

  • The consensus target price for Enact Holdings has remained stable at $42.50 over the past year, indicating a steady outlook from analysts.
  • Despite a lower price target of $27 from BTIG, the recent upgrade to a Zacks Rank #2 (Buy) suggests growing optimism about Enact Holdings' earnings prospects.
  • Enact Holdings is anticipated to surpass earnings estimates in its upcoming fourth-quarter report, signaling potential positive outcomes for investors.

Enact Holdings, Inc. (NASDAQ: ACT) is a private mortgage insurance company based in Raleigh, North Carolina. It provides insurance products for prime-based, individually underwritten residential mortgage loans and offers contract underwriting services for mortgage lenders. Originally known as Genworth Mortgage Holdings, Inc., it rebranded to Enact Holdings, Inc. in May 2021 and operates as a subsidiary of Genworth Holdings, Inc.

The consensus target price for Enact Holdings has remained stable at $42.50 over the past year. This consistency suggests that analysts have maintained a steady outlook on the company's stock performance. Despite this, analysts from BTIG have set a lower price target of $27, indicating a potential divergence in expectations.

The stable target price reflects a perception of steady performance and risk management by Enact Holdings in the private mortgage insurance sector. However, the recent upgrade to a Zacks Rank #2 (Buy) suggests growing optimism about the company's earnings prospects, which could potentially drive the stock price higher in the near term.

Enact Holdings is anticipated to surpass earnings estimates in its upcoming fourth-quarter report. The company is believed to have the right combination of factors that could lead to an earnings beat. As the earnings release approaches, investors are preparing for potential positive outcomes based on these expectations.

Investors should stay informed about any recent news or developments that could impact Enact Holdings' performance or market perception. The upcoming earnings report and conference call on February 3 and 4, 2026, will provide insights into the company's performance and future outlook.