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Stock impact report

3 Reasons to Sell ACT and 1 Stock to Buy Instead [Yahoo! Finance]

Enact Holdings, Inc. (ACT) 
US:NYSE Investor Relations: advisorshares.com/fund/act
Company Research Source: Yahoo! Finance
The stock has climbed by 12.5% to $38.70 per share while the index has gained 14.9%. Is now the time to buy Enact Holdings, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it's free Why Is Enact Holdings Not Exciting? We're cautious about Enact Holdings. Here are three reasons there are better opportunities than ACT and a stock we'd rather own. 1. Net Premiums Earned Point to Soft Demand When insurers sell policies, they protect themselves from extremely large losses or an outsized accumulation of losses with reinsurance (insurance for insurance companies). Net premiums earned are therefore net of what's ceded to reinsurers as a risk mitigation and transfer strategy. Enact Holdings's net premiums earned has grown at a 1.3% annualized rate over the last five years, much worse than the broader insurance industry and slower than its total revenue. Enact Holdings Trailing 12-Month Net Show less Read more
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