Enact Announces New $500 Million Share Repurchase Program and $0.21 Per Share Quarterly Dividend

Enact (Nasdaq: ACT) authorized a new $500 million share repurchase program and declared a quarterly dividend of $0.21 per share.

Rhea-AI Summary

Enact (Nasdaq: ACT) authorized a new $500 million share repurchase program and declared a quarterly dividend of $0.21 per share. The new repurchase is additional to a prior $350 million program with $30 million remaining as of Jan 30, 2026.

Dividend is payable March 19, 2026 to holders of record on Feb 26, 2026. Repurchases may occur via open-market purchases, privately negotiated transactions, and 10b5-1/10b-18 plans. Enact has an agreement with Genworth Holdings to repurchase shares to maintain Genworth’s ownership; repurchases are opportunistic and not guaranteed.

Positive

• $500M new share repurchase authorization
• Quarterly dividend of $0.21 per share payable Mar 19, 2026
• Prior $350M program retains $30M remaining as of Jan 30, 2026
• Agreement with Genworth to repurchase shares to maintain ownership

Negative

• Repurchases are opportunistic and not guaranteed or scheduled
• Program may be suspended or terminated at company discretion
• Timing and amount constrained by share price, capital, regulations, and debt covenants

Argus Feb 4 session

+9.27% close to close Open Argus

Details

News Market Reaction – ACT

On Feb 4, the first trading day after this news, ACT closed 9.27% above the previous close.

Data tracked by StockTitan Argus for the Feb 4 session.

Key Figures

New repurchase authorization: $500 million Existing repurchase program: $350 million Remaining under existing program: $30 million +3 more

New repurchase authorization

$500 million

New share repurchase program announced Feb 3, 2026

Existing repurchase program

$350 million

Current share repurchase authorization referenced in release

Remaining under existing program

$30 million

Amount left as of Jan 30, 2026

Quarterly dividend

$0.21 per share

Dividend declared payable March 19, 2026

Dividend payment date

March 19, 2026

Payment date for $0.21 quarterly dividend

Dividend record date

February 26, 2026

Shareholders of record date for $0.21 dividend

Previous Buybacks,dividends Reports

2 past events · Latest: Apr 30

Same Type 2 events

1. Apr 30

   Buyback & dividend

   24h Move

   +2.2%

   Raised dividend to $0.21 and launched new $350M repurchase program.

2. May 01

   Buyback & dividend

   24h Move

   -0.0%

   Increased dividend and announced new $250M repurchase alongside existing program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 10b5-1, rule 10b-18

2 terms

rule 10b5-1 regulatory

"may be made under Rule 10b5-1 and Rule 10b-18 trading plans"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

rule 10b-18 regulatory

"may be made under Rule 10b5-1 and Rule 10b-18 trading plans"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

Investor Contact
Daniel Kohl
EnactIR@enactmi.com

Media Contact
Sarah Wentz
Sarah.Wentz@enactmi.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Enact's $500 million share repurchase (ACT) announced Feb 3, 2026 mean for shareholders?

It authorizes Enact to buy up to $500 million of common stock to return capital to shareholders. According to the company, repurchases will be opportunistic and depend on share price, capital availability, market conditions, regulatory requirements, and debt covenants.

When is the $0.21 per share dividend from Enact (ACT) payable and who is eligible?

Enact will pay a quarterly dividend of $0.21 per common share on Mar 19, 2026. According to the company, shareholders of record on Feb 26, 2026 will be eligible to receive the dividend.

How does the new $500M repurchase relate to Enact's prior $350M program (ACT)?

The $500 million authorization is in addition to the prior $350 million program, with $30 million remaining as of Jan 30, 2026. According to the company, the new authorization supplements prior buyback capacity.

Will Enact (ACT) definitely repurchase shares under the new $500M program?

No, the program does not obligate Enact to acquire any shares and may be suspended or terminated. According to the company, repurchases will be made at management's discretion and are not guaranteed.

What methods will Enact use to execute the $500M repurchase program for ACT shares?

Enact may use open-market purchases, privately negotiated transactions, and Rule 10b5-1 and 10b-18 trading plans. According to the company, these methods provide flexibility in timing and execution of repurchases.