Genworth Holdings, Inc., a 10% owner of Enact Holdings, Inc. (ACT), reported the sale of 687,379 shares on August 31, 2026. The transaction, valued at approximately $33.96 million, occurred at an average price of $49.40 per share.
This marks another significant sale by Genworth Holdings, Inc. in recent months, following previous transactions in July and June. Insider sales can be motivated by a variety of factors, including portfolio diversification, tax planning, or adherence to pre-arranged trading plans, and do not necessarily indicate a negative sentiment towards the company's prospects. The broader market context at the time of this sale should also be considered.