BTIG analyst Soham Bhonsle raised the firm’s price target on Enact Holdings to $33 from $30 and keeps a Buy rating on the shares. Coming out of Q1 earnings season, the firm continues to view the mortgage insurance sector favorably as the sector offers top-line stability and credit trends “should remain somewhat sanguine” as along as unemployment remains range bound, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACT:
- Enact Holdings board approved of new share repurchase program of up to $250M
- Enact Holdings raised quarterly dividend to 18.5c from 16c
- Enact Holdings reports Q1 adjusted EPS $1.04, consensus 96c
- Enact Announces 16% Increase to Quarterly Dividend and New $250 Million Share Repurchase Program
- Enact Holdings files automatic mixed securities shelf