Genworth Holdings, Inc., a 10% owner of Enact Holdings, Inc. (ACT), executed a significant sale of the company's shares. On April 1, 2026, Genworth Holdings sold 820,567 shares of ACT for approximately $40.92 per share, totaling $33.58 million.
This transaction adds to recent insider selling activity within Enact Holdings. Over the past month, other executives, including James McMullen and Michael Derstine, have also divested shares.
Insider sales can be driven by various factors, including portfolio diversification, tax obligations, or pre-arranged trading plans. Such transactions do not necessarily indicate a negative outlook on the company's future prospects.