ACT - Enact announces new $100M share buyback

2023-08-01 16:22:42 ET

• Enact Holdings ( NASDAQ: ACT ) on Tuesday said its board had approved a new share buyback of up to $100M.
• ACT has also entered into a support agreement with Genworth Holdings to buy back its ACT shares on a pro rata basis as part of the repurchase program. The deal is not expected to change Genworth's ownership stake in ACT.
• The new $100M buyback "is in addition to the company’s current $75M share repurchase program announced in November 2022, under which the Company repurchased approximately $71M of shares of Enact common stock to date," ACT said in a statement .
• Enact ( ACT ) stock earlier closed -0.6% at $27.04.

For further details see: