Genworth Holdings, Inc., a 10% owner of Enact Holdings, Inc. (ACT), executed a significant sale of company shares on July 31, 2026. The transaction involved 523,226 shares, valued at approximately $24.03 million, with an average price of $45.92 per share.
This sale follows a pattern of previous sales by Genworth Holdings, Inc. in recent months, including transactions in June and May. The company has divested substantial blocks of Enact Holdings shares across these periods.
Insider selling activity can be motivated by a variety of factors, such as portfolio diversification or tax planning, and does not inherently indicate a negative view of the company's prospects.