Enact Holdings Repurchases $25.6M in Stock from Genworth Holdings
ACT sits 34% above its 52-week low of $33.94.
Summary
Enact Holdings repurchased $25.6 million of its common stock from Genworth Holdings, Inc., continuing its capital return program and reducing outstanding shares.
Key Events · Ownership and Investor Activity · ACT
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Share Repurchase Executed
Enact Holdings, Inc. repurchased 605,067 shares of its common stock from Genworth Holdings, Inc. for a total of $25,580,418 at an average price of $42.28 per share.
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Continuation of Capital Return
This transaction is part of an ongoing share repurchase agreement established in February 2026, reinforcing the company's commitment to returning capital to shareholders.
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Impact on Ownership
Following this transaction, Genworth Holdings, Inc. directly holds 111,601,572 shares of Enact Holdings, Inc.
Analysis · ACT · Finance
Enact Holdings, Inc. continues its capital return strategy by repurchasing $25.6 million of its common stock from Genworth Holdings, Inc. This transaction, part of an existing share repurchase agreement, reduces the outstanding share count and signals ongoing commitment to shareholder value, following strong Q1 results and a dividend increase.
At the time of this filing, ACT was trading at $45.39 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $33.94 to $46.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.