Enact Holdings EVP & COO Brian Gould Unloads 15,000 Shares for $504,000

Enact Holdings EVP & COO Brian Gould sold 15,000 shares of common stock on March 6, 2025, for $504,000 at a weighted average price of $33.6 per share. Following the transaction, Gould directly owns 29,692 shares of the company.

In a recent development, Brian Gould, Executive Vice President and Chief Operating Officer of Enact Holdings, sold a substantial portion of his holdings in the company. According to a report by PR Newswire [1], Gould offloaded 15,000 shares of common stock on March 6, 2025, at an aggregate price of $504,000. This transaction occurred at an average price of $33.6 per share, leaving Gould with a remaining stake of 29,692 shares.

Enact Holdings, a subsidiary of Genworth Financial, completed its initial public offering (IPO) in September 2021, raising approximately $535 million in net proceeds for Genworth [1]. In the concurrent private sale, investment funds managed by Bayview purchased 14,655,600 shares of Enact's common stock from Genworth Holdings, Inc., further reducing Genworth's ownership to 81.6% [1].

Gould's decision to sell such a significant portion of his holdings could be seen as a vote of confidence in the company's future prospects. With Enact Holdings trading on the Nasdaq Global Select Market under the ticker symbol "ACT" [1], investors are closely watching the company's performance.

Enact Holdings is a leading provider of private mortgage insurance through its insurance subsidiaries [1]. The company's IPO marked a significant milestone in the growth of the business, and its strong performance since then has been encouraging for investors.

As Genworth plans to use the net proceeds from the transactions to retire its promissory note with AXA and partially repay other outstanding indebtedness [1], the company's financial position is expected to improve further. With a strong business model and a growing market, Enact Holdings is well-positioned for continued success.

References:
[1] PR Newswire. Genworth Financial Announces Completion of the IPO of Enact Holdings, Inc. (https://www.prnewswire.com/news-releases/genworth-financial-announces-completion-of-the-ipo-of-enact-holdings-inc-301380813.html)