5 Most Profitable New Stocks Today

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In this piece, we will take a look at the five most profitable new stocks today. For more stocks, head on over to 15 Most Profitable New Stocks Today.

5. Enact Holdings, Inc. (NASDAQ:ACT)

Trailing Twelve Month Net Income: $704 million

Number of Hedge Fund Holders in Q3 2022: 15

Enact Holdings, Inc. (NASDAQ:ACT) is an insurance company that primarily writes insurance for mortgages. The firm is based in Raleigh, North Carolina.

Enact Holdings, Inc. (NASDAQ:ACT) came across some good news in February 2023, as S&P Global Ratings upgraded its issuer ratings to BBB+ from BBB-. Insider Monkey took a look at 920 hedge fund holdings for last year’s third quarter and found out that 15 had invested in the firm.

Enact Holdings, Inc. (NASDAQ:ACT)’s largest investor is Matthew Barrett’s Glendon Capital Management which owns 1.2 million shares that are worth $31 million.

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