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BofA Securities downgrades home insurers amid regulatory concerns, shares fall

Investing.com · ·by G4L

ACT
ACT Enact Holdings Inc
$46.20 -1.09%
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  1. 1BofA Securities downgraded Enact Holdings Inc, Essent Group Ltd, and NMI Holdings Inc.
  2. 2Enact Holdings Inc shares fell 1.8% in Friday trading.
  3. 3BofA Securities lowered its price target for Enact from 53 to 42.

So what's the key point?

BofA Securities lowered the ratings for Enact Holdings Inc and others due to regulatory issues. The expected price for Enact's stock was reduced from 53 to 42.

Source Investing.com · View original ↗

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