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ACT Buyback image

Enact Holdings, Inc. Buyback

OLI recorded this information on 8/1/2023

Company: Enact Holdings, Inc.
Buyback: ACT buyback
Buyback Details: Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced its Board of Directors has approved a new share repurchase program with authorization to purchase up to $100 million of its common stock. This new authorization is in addition to the company's current $75 million share repurchase program announced in November 2022, under which the Company repurchased approximately $71 million of shares of Enact common stock to date.

Enact Holdings is a private mortgage insurance company. Through its subsidiaries, Co. provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans where the loan amount exceeds 80% of the value of the home ("low-down payment loans"). Co.'s credit protection provides families access to homeownership sooner than would otherwise be possible. Co. facilitates the sale of mortgages to the secondary market, including to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation and private investors, and protect the balance sheets of mortgage lenders that retain mortgages in their portfolios.

ACT SEC Filing Email Alerts Service

Preferred: ACT.PRA


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ACT — Key Stats (updated 18 hours, 47 minutes ago)
Company Name:  Enact Holdings Inc
Stock buyback:  ACT buyback
Website:  www.enactmi.com
Sector:  Insurance Brokers
Number of ETFs Holding ACT:  24
Total Market Value Held by ETFs:  $123.72M
Total Market Capitalization:  $4.79B
% of Market Cap. Held by ETFs:  2.58%
 

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April 27, 2024  •  6:22 AM Eastern
ACT — Current Quote
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Avg. Broker Rec.

Buy (2.83 out of 4)
19th percentile
(ranked lower than approx. 81% of all stocks covered)
Based on Zacks ABR data;
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