BTIG Maintains Buy Rating for Enact Holdings: Here's What You Need To Know

BTIG has decided to maintain its Buy rating of Enact Holdings ACT and lower its price target from $28.00 to $27.00.

Shares of Enact Holdings are trading down 0.05% over the last 24 hours, at $21.65 per share.

A move to $27.00 would account for a 24.71% increase from the current share price.

About Enact Holdings

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.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.