Enact Holdings Repurchases $25.85M in Shares from 10% Owner Genworth Holdings
ACT sits 21% above its 52-week low of $33.94.
Summary
Enact Holdings repurchased $25.85 million of its common stock from Genworth Holdings, Inc., continuing its capital return strategy.
Key Events · Ownership and Investor Activity · ACT
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Share Repurchase from 10% Owner
Enact Holdings, Inc. repurchased 602,440 shares of its common stock from its 10% owner, Genworth Holdings, Inc., for $25,853,290.89 at $42.91 per share.
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Part of Ongoing Agreement
This transaction was executed under a Share Repurchase Agreement dated February 2, 2026, indicating a planned reduction of Genworth's stake in Enact.
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Aligns with Capital Return Strategy
The repurchase is consistent with Enact's strategy to return capital to shareholders, following strong Q1 2026 results and a recent 14% dividend increase.
Analysis · ACT · Finance
Enact Holdings, Inc. continues its share repurchase program by buying back a significant block of shares from its 10% owner, Genworth Holdings, Inc. This transaction, part of a pre-existing agreement, reduces the outstanding share count and aligns with the company's recent strong financial performance and increased dividend, signaling a commitment to returning capital to shareholders.
At the time of this filing, ACT was trading at $41.09 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $33.94 to $44.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.