ACT - Enact Holdings: ACT And Buy

• With an operating history of 40 years, Enact Holdings is already a well-established name in the PMI sector with deep connections and a broad customer base.
• The excess capital and sufficiency ratio of 181%, one of the highest in the PMI sector, provides ACT with a competitive advantage and financial flexibility for further growth ahead.
• With a 6PMI average P/B multiple of just 1.05x, I have a target price of $27.05 for the ACT, implying a 26.39% upside potential.
• The mispricing in the market won't last for long, and investors could easily gain a decent return waiting for ACT to reach its BVPS at $25.80.

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