What Happened?
Shares of mortgage insurance provider Enact Holdings (NASDAQ: ACT) fell 2.7% in the afternoon session after its major shareholder, Genworth Holdings, reported the sale of more than 922,000 shares of the company's stock.
The sale, which took place on September 30, 2025, totaled over $35.3 million. Such a large transaction by a major owner, which still holds about 81% of Enact, can create concern among investors about the stock's future prospects. This company-specific news occurred amid broader market uncertainty, as a federal government shutdown affected the release of key economic data that officials use to make decisions on interest rates. Separately, Enact also announced the closing of a new $435 million revolving credit facility, a financial arrangement that allows a company to borrow money as needed.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Enact Holdings? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Enact Holdings’s shares are not very volatile and have only had 1 move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Enact Holdings is up 14.3% since the beginning of the year, and at $36.95 per share, it is trading close to its 52-week high of $39.23 from September 2025. Investors who bought $1,000 worth of Enact Holdings’s shares at the IPO in September 2021 would now be looking at an investment worth $1,803.
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