Enact Holdings Repurchases $33.5M in Shares from 10% Owner Genworth Holdings

summarizeSummary

Enact Holdings, Inc. repurchased 820,567 shares of its common stock from Genworth Holdings, Inc. for approximately $33.58 million, as part of its ongoing share repurchase program.

check_boxKey Events

• Significant Share Repurchase

  Enact Holdings, Inc. repurchased 820,567 shares of its common stock from Genworth Holdings, Inc. for a total value of $33,579,571 at a price of $40.92 per share.

• Execution of Existing Program

  This transaction, dated March 31, 2026, is part of a Share Repurchase Agreement between Enact Holdings and Genworth Holdings, aligning with the $500 million share repurchase program announced on February 3, 2026.

• Reduced Ownership by 10% Owner

  Following this transaction, Genworth Holdings, Inc. directly holds 113,369,532 shares of Enact Holdings, Inc., continuing to reduce its stake as the company executes its repurchase strategy.

auto_awesomeAnalysis

This Form 4 filing details a significant share repurchase by Enact Holdings, Inc. from its 10% owner, Genworth Holdings, Inc. The transaction, valued at over $33.5 million, represents an execution of Enact's previously announced $500 million share repurchase program. Share repurchases are generally viewed positively by the market as they reduce the outstanding share count, potentially boosting earnings per share and signaling management's confidence in the company's valuation. This transaction demonstrates continued progress on Enact's capital allocation strategy.