Enact Holdings, Inc. Announces $500 Million Share Repurchase Program and Quarterly Dividend Declaration

Enact Holdings authorized a $500 million share repurchase program and declared a $0.21 quarterly dividend.

Quiver AI Summary

Enact Holdings, Inc. has announced a new share repurchase program enabling the purchase of up to $500 million of its common stock, in addition to the remaining $30 million from an existing program. The Board of Directors also declared a quarterly dividend of $0.21 per share, payable on March 19, 2026. CEO Rohit Gupta expressed confidence in the company’s long-term performance and emphasized the disciplined approach to capital management. The repurchase program will allow flexibility in acquiring shares through various methods, including open market transactions, depending on market conditions and other factors. Additionally, Enact is collaborating with Genworth Holdings, Inc. to repurchase its shares to maintain Genworth's ownership interest in the company.

Potential Positives

Enact Holdings announced a new share repurchase program of up to $500 million, indicating strong financial health and confidence in its long-term performance.
The Board of Directors declared a quarterly dividend of $0.21 per common share, showing a commitment to returning value to shareholders.
The new share repurchase program complements an existing $350 million program, demonstrating consistent capital management and shareholder return strategies.
Enact's agreement with Genworth Holdings, Inc. to repurchase shares underscores strategic partnerships and commitment to maintaining ownership interest alignments.

Potential Negatives

The dependency on share repurchase programs may signal a lack of immediate growth opportunities or effective reinvestment options in the business.
The share repurchase program could imply potential liquidity constraints or financial strain, as the company allocates substantial funds towards buying back stock rather than investing in core operations or growth initiatives.
The absence of a specified expiration date for the share repurchase program leaves uncertainty regarding the company's commitment and may be perceived negatively by investors seeking clearer capital allocation strategies.

FAQ

What is the new share repurchase program announced by Enact Holdings?

Enact Holdings has authorized a new share repurchase program allowing the purchase of up to $500 million of its common stock.

What is the amount remaining in Enact's previous share repurchase program?

As of January 30, 2026, $30 million remains in Enact's current $350 million share repurchase program.

When is the quarterly dividend for Enact Holdings scheduled to be paid?

The quarterly dividend of $0.21 per common share is payable on March 19, 2026, to shareholders of record on February 26, 2026.

What methods will Enact use for its share repurchases?

Enact may conduct share repurchases through open market purchases, privately negotiated transactions, and under specific trading plans.

Is there a specified expiration date for Enact's share repurchase program?

No, the share repurchase program does not have a specified expiration date and can be suspended or terminated at any time.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ACT Insider Trading Activity

$ACT insiders have traded $ACT stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $ACT stock by insiders over the last 6 months:

HOLDINGS, INC. GENWORTH has made 0 purchases and 6 sales selling 4,932,932 shares for an estimated $187,184,178.
ROHIT GUPTA (President and CEO) has made 0 purchases and 3 sales selling 32,895 shares for an estimated $1,243,596.
ROBERT P JR RESTREPO has made 0 purchases and 2 sales selling 10,000 shares for an estimated $373,953.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ACT Revenue

$ACT had revenues of $245.7M in Q3 2025. This is a decrease of -1.64% from the same period in the prior year.

You can track ACT financials on Quiver Quantitative's ACT stock page.

$ACT Hedge Fund Activity

We have seen 124 institutional investors add shares of $ACT stock to their portfolio, and 124 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

QUBE RESEARCH & TECHNOLOGIES LTD added 1,076,957 shares (+289.4%) to their portfolio in Q3 2025, for an estimated $41,290,531
FIRST TRUST ADVISORS LP added 678,347 shares (+87.9%) to their portfolio in Q3 2025, for an estimated $26,007,823
LSV ASSET MANAGEMENT added 474,600 shares (+124.0%) to their portfolio in Q3 2025, for an estimated $18,196,164
GOLDMAN SACHS GROUP INC removed 464,247 shares (-66.1%) from their portfolio in Q3 2025, for an estimated $17,799,229
BANK OF AMERICA CORP /DE/ removed 288,679 shares (-52.6%) from their portfolio in Q3 2025, for an estimated $11,067,952
ALLIANZ ASSET MANAGEMENT GMBH removed 259,029 shares (-34.1%) from their portfolio in Q3 2025, for an estimated $9,931,171
MILLENNIUM MANAGEMENT LLC removed 223,940 shares (-55.9%) from their portfolio in Q3 2025, for an estimated $8,585,859

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ACT Price Targets

Multiple analysts have issued price targets for $ACT recently. We have seen 2 analysts offer price targets for $ACT in the last 6 months, with a median target of $41.5.

Here are some recent targets:

Richard Shane from JP Morgan set a target price of $40.0 on 01/12/2026
Bose George from Keefe, Bruyette & Woods set a target price of $43.0 on 12/18/2025

Full Release

RALEIGH, N.C., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its Board of Directors authorized a new share repurchase program under which the company may purchase up to $500 million of its common stock. The new share repurchase authorization is in addition to the company’s current $350 million share repurchase program, of which $30 million remains as of January 30, 2026.

Additionally, Enact’s Board of Directors declared a quarterly dividend of $0.21 per common share, payable on March 19, 2026, to shareholders of record on February 26, 2026.

“The Board’s authorization of a new $500 million share repurchase program reflects the strength of our balance sheet and our continued confidence in Enact’s long-term performance,” said Rohit Gupta, Enact’s President and Chief Executive Officer. “The authorization reinforces our disciplined approach to capital management and our commitment to returning excess capital to shareholders while maintaining the financial flexibility to support our customers and invest in our business.”

Enact’s new share repurchase program authorizes the purchase of up to $500 million of the company’s common stock utilizing a variety of methods, including open market purchases, and privately negotiated transactions, and may be made under Rule 10b5-1 and Rule 10b-18 trading plans, at such times and in such amounts as management deems appropriate. In support, Enact has entered into an agreement with Genworth Holdings, Inc. to repurchase its Enact shares as part of the program to maintain Genworth’s current ownership interest in Enact.

Enact expects the timing and amount of any share repurchases will be opportunistic and will depend on a variety of factors, including Enact’s share price, capital availability, business and market conditions, regulatory requirements, and debt covenant restrictions. The program does not obligate Enact to acquire any amount of common stock, it may be suspended or terminated at any time at the Company’s discretion without prior notice, and it does not have a specified expiration date.

About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

This press release was published by a CLEAR® Verified individual.