Insider Buying: The Enact Holdings, Inc. (NASDAQ:ACT) President Just Bought 15% More Shares

Potential Enact Holdings, Inc. (NASDAQ:ACT) shareholders may wish to note that the President, Rohit Gupta, recently bought US$101k worth of stock, paying US$21.35 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

Check out our latest analysis for Enact Holdings

The Last 12 Months Of Insider Transactions At Enact Holdings

In the last twelve months, the biggest single purchase by an insider was when Director Daniel Sheehan bought US$950k worth of shares at a price of US$19.00 per share. We do like to see buying, but this purchase was made at well below the current price of US$22.33. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Enact Holdings insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Enact Holdings insiders have about 0.1% of the stock, worth approximately US$3.6m. I generally like to see higher levels of ownership.

So What Do The Enact Holdings Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Enact Holdings stock. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Enact Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.