Enact Announces New $500 Million Share Repurchase Program and $0.21 Per Share Quarterly Dividend
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
News Market Reaction – ACT
In the Feb 4 session, ACT gained 9.27%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.1% during that session. Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Buybacks,dividends Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 30 | Buyback & dividend | Positive | +2.2% | Raised dividend to $0.21 and launched new $350M repurchase program. |
| May 01 | Buyback & dividend | Positive | -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.
Past buyback and dividend announcements for Enact have generally been received as positive, with one clearly positive price reaction and one essentially flat response.
Over the past year, Enact has repeatedly paired capital return updates with operational strength. On Nov 5, 2025, Q3 2025 results and a $0.21 dividend coincided with a 2.25% gain. Earlier, credit risk transfer and reinsurance activity on Oct 30, 2025 drew a modestly positive move. Two prior buyback/dividend announcements on Apr 30, 2025 and May 1, 2024 produced a 2.18% rise and a roughly flat reaction, framing today’s larger authorization and maintained dividend within a consistent capital return strategy.
Key Terms
rule 10b5-1 regulatory
rule 10b-18 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Additionally, Enact’s Board of Directors declared a quarterly dividend of
“The Board’s authorization of a new
Enact’s new share repurchase program authorizes the purchase of up to
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