ACT
Enact Holdings Inc
NASDAQ: ACT · FINANCIAL SERVICES · INSURANCE - SPECIALTY
$42.86
+2.05% today
Updated 2026-06-05
Market cap
$5.92B
P/E ratio
9.18
P/S ratio
4.77x
EPS (TTM)
$4.62
Dividend yield
2.00%
52W range
$33 – $44
Volume
0.3M
Enact Holdings Inc (ACT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ACT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$42.86
Today
Analyst consensus
$45.75
+6.74% · 12M
2030 Base
$43.50
+1.49% future
NPV today
$31.57
@ 7% WACC
7 analysts:
1 Buy5 Hold0 Sell
Management guidance
No specific revenue targets provided by management. CEO Rohit Gupta emphasized disciplined risk management, strong capital returns ($500M in 2026), and organic growth through Rate360 pricing engine and VantageScore 4.0 adoption. Company targets sustained profitability and capital deployment rather than explicit revenue growth targets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ACT · Enact Holdings Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$21.00
NPV today: $15.24
Base case (2030)
$43.50
NPV today: $31.57
Bull case (2030)
$66.01
NPV today: $47.91
WallStSmart.com
ACT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B |
| Revenue growth | 2.4% | 6.0% | 5.7% | 5.2% | 4.5% | 3.9% |
| Net margin | — | 52.7% | 52.7% | 52.7% | 52.6% | 52.6% |
| EPS | $4.60 | $4.95 | $5.22 | $5.48 | $5.71 | $5.92 |
| Diluted shares | — | 140M | 140M | 141M | 141M | 141M |
| Net debt | — | $-115.76M | $-409.34M | $-718.14M | $-1.04B | $-1.38B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $29.00 | $32.64 | $36.31 | $39.93 | $43.50 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.6B |
| P/S multiple | 1.0x | 3.0x | 5.0x |
| Diluted shares | 141M | 141M | 141M |
| Net debt | $-1.38B | $-1.38B | $-1.38B |
| Implied P/E † | 4x | 7x | 11x |
| 2030 Price | $21.00 | $43.50 | $66.01 |
| NPV @ 7% | $15.24 | $31.57 | $47.91 |
† Implied P/E: Multiples remain elevated across all three scenarios because ACT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $43.50 base case
ACT catalysts and risks
Growth catalysts
+ VantageScore 4.0 adoption expanding addressable market and improving credit risk pricing
+ Rate360 pricing engine deployment driving premium yield improvement and market share gains
+ Housing market stabilization supporting mortgage originations and new insurance written growth
+ Capital returns ($500M+ annually) via dividends and buybacks enhancing per-share metrics
+ Potential policy support for mortgage insurance as regulatory environment shifts
Key risks
- Housing market softness or recession reducing mortgage origination volumes and new business
- Rising delinquency rates and credit losses if borrower quality deteriorates or unemployment rises
- Premium compression from competitive pricing pressure in mortgage insurance market
- Interest rate volatility impacting mortgage refi activity and origination volumes
- Regulatory changes to mortgage insurance requirements or pricing models
- Refinance waves reducing insurance in force if rates decline significantly
Methodology · Enact Holdings Inc 2030 stock forecast model
Enact Holdings Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for ACT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.38B by 2030) |
| 3. Time value | NPV calculated using 7% WACC (CAPM: beta 0.498) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 3.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
ACT price target FAQ
What is the ACT price target for 2030?
WallStSmart's Enact Holdings Inc 2030 base case is $43.50 per share, with a bull case of $66.01 and bear case of $21.00. The NPV of the base case discounted to today at 7% WACC is $31.57.
How is the Enact Holdings Inc 2030 stock forecast calculated?
The ACT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ACT price target account for dilution?
Enact Holdings Inc is projected to grow diluted share count from 140M to 141M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on ACT stock?
7 analysts cover ACT with an average 12-month price target of $45.75. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.