New insider activity at Enact Holdings ( (ACT) ) has taken place on February 4, 2025.
Genworth Holdings, Inc., a major shareholder in Enact Holdings, has made a notable move by selling 476,668 shares of Enact Holdings stock. This transaction is valued at an impressive $15,529,843, indicating a significant shift in their investment strategy.
Recent Updates on ACT stock
Enact Holdings announced significant reinsurance coverage deals, securing approximately $225M and $260M of excess of loss reinsurance coverage for their 2025 and 2026 book years, respectively. These transactions, effective from January 1, 2025, and January 1, 2026, are part of their strategy to manage credit risk. Despite this development, JPMorgan lowered Enact Holdings’ price target, reflecting concerns over the company’s future growth potential and market conditions influencing investor sentiment.
More about Enact Holdings
YTD Price Performance: 4.52%
Average Trading Volume: 310,321
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.19B