Genworth trims Enact Holdings (ACT) stake, still owns about 81%
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enact Holdings, Inc. reported that major shareholder Genworth Holdings, Inc. sold 398,731 shares of Enact common stock on February 27, 2026. The shares were repurchased by Enact under a Share Repurchase Agreement dated February 2, 2026, at a price of $42.1927 per share.
After this transaction, Genworth directly held 114,190,099 Enact shares and remained a controlling shareholder, owning approximately 81% of Enact’s outstanding common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 398,731 shares ($16,823,537)
Net Sell
1 txn
Insider
Genworth Holdings, Inc.
Role
10% Owner
Sold
398,731 shs ($16.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 398,731 | $42.1927 | $16.82M |
Holdings After Transaction:
Common Stock — 114,190,099 shares (Direct)
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Share Repurchase Agreement between Enact Holdings, Inc. (the "Issuer") and Genworth Holdings, Inc. dated as of February 2, 2026 (the "Agreement"). A copy of the Agreement can be found as exhibit 99.4 to the Issuer's Form 8-K filed on February 3, 2026, on the SEC's website at: https://www.sec.gov/Archives/edgar/data/1823529/000182352926000003/february2026genworthenacts.htm Represents a price per share determined pursuant to the terms of the Agreement, based on a weighted average price paid by the Issuer for purchases from third-parties. Genworth Holdings, Inc. owns approximately 81% of the outstanding shares of common stock of the Issuer.
FAQ
What insider transaction did Genworth report for Enact Holdings (ACT)?
Genworth Holdings reported selling 398,731 shares of Enact common stock. The sale occurred on February 27, 2026 and was executed under a Share Repurchase Agreement, with Enact itself as the buyer at $42.1927 per share.
Does Genworth still control Enact Holdings (ACT) after the reported sale?
Yes. Even after selling 398,731 shares, Genworth held 114,190,099 shares of Enact. A footnote states this equals about 81% of Enact’s outstanding common stock, leaving Genworth as the company’s majority and controlling owner.