How to Buy Enact Holdings Stock
Enact Holdings Inc
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance.
Enact Holdings stock last closed at $30.00, up 0.91% from the previous day, and has increased 23.25% in one year. It has overperformed other stocks in the Insurance - Specialty industry by 0.09 percentage points. Enact Holdings stock is currently +37.55% from its 52-week low of $21.81, and -4.03% from its 52-week high of $31.26.
At the moment, there are 159.11M ACT shares outstanding. The market cap of ACT is $4.77B. In the past 24 hours, 247,915 ACT shares were traded.
How to Buy Enact Holdings Stock
Not sure how to invest in Enact Holdings stock? Here's how.
- Figure out where to buy Enact Holdings stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Enact Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your payment method and add your info.
- Research Enact Holdings stock: The Enact Holdings ticker symbol is ACT. Is Enact Holdings stock a good investment? Should you buy shares of ACT? How do ACT's underlying business fundamentals look? Do top analysts think Enact Holdings is a good buy? Why has ACT's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if ACT is a good stock to buy).
- Make your ACT trade: Decide if you will purchase ACT shares at the current market price or use a limit order to buy ACT stock at a given price.
- Watch your ACT position: Create a watchlist to keep track of your new investment in Enact Holdings shares.
Step 1: Figure out where to buy Enact Holdings stock
You will need a brokerage account to access the NASDAQ market and buy ACT stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you can buy ACT stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on one of the most highly reviewed stock apps, you need to deposit funds:
Check out the video below if you need help transferring funds into your investment account.
Step 4: Research Enact Holdings stock
After you have chosen the best place to buy Enact Holdings stock, it's critical to research their stock before you invest, so you truly understand the risk as well as the upside.
Enact Holdings quick stats
Enact Holdings Zen Score
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on ACT's stock page.
How is ACT stock valued?
You can use many financial metrics, analyses, models, and charts to gauge ACT's fair value.
Using relative valuations ratios:
- ACT may be undervalued based on its P/E ratio of 7.25x, relative to Insurance - Specialty industry P/E ratio of 28.78x
- ACT could be undervalued based on its P/B ratio of 1.03x, relative to Insurance - Specialty industry P/B ratio of 1.53x
You can do additional valuation analysis on ACT's stock here.
A look at ACT Cashflows and Balance Sheet
Positive Financial Indicators:
- ACT earnings of $903.38M is not enough to cover its interest payments.
- ACT has a low debt to equity ratio of 0.34.
- ACT's operating cash flow of $632.04M allows it to safely service it's debt of $745.42M.
Negative Financial Indicators:
- ACT profit margin has gone down from 64.3% to 57.7% in the past year.
Is it a good time to buy Enact Holdings stock, according to Wall Street analysts?
Out of 4 Wall Street analysts who research ACT, the consensus analyst rating on ACT is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Enact Holdings stock forecast page.
Metrics for Advanced ACT Traders
Is ACT Making Money?
Last year, ACT earnings were $665.51M. In the last four year, ACT's earnings have gone up by -0.12% per year. This was slower than the Insurance - Specialty industry average of 7.67%.
Last year, ACT revenue was $1.15B. Over the past 4 year, ACT's revenue has grown by 4.19% per year. This was slower than the Insurance - Specialty industry average of 9.65%.
You can research ACT's earnings and revenue performance here.
Who is buying/selling ACT?
In the past 12 months, executives and large shareholders at ACT have sold more shares than they have bought.
Genworth Holdings Inc, 10% Owner of ACT, was the latest ACT insider to sell. They sold $10,110,846.09 worth of ACT shares on Apr 30, 2024.
Get more info about who owns ACT stock here.
Does ACT stock generate passive income?
Enact Holdings pays a dividend of 2.06%, compared to the Insurance - Specialty industry's average dividend yield of 11.23%. If you owned $1,000 of ACT stock, you would have received $20.59 in the past 12 months.
Find more analysis about Enact Holdings dividend yield and history here.
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Step 5: Make your ACT trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open button and eToro will place the order.
If you want additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Watch your ACT position
Now that you own some ACT shares, you'll want to keep up with your new investment.
Start a watchlist to get the latest updates about your ACT stock.
ACT Feed
How to Buy Stock in Enact Holdings
To summarize, here are the 6 steps to buy Enact Holdings stock:
- Figure out where to buy Enact Holdings stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Enact Holdings stock
- Make your ACT trade
- Watch your ACT position
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your investment in Enact Holdings, click the button below.
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