Genworth Holdings sells 691152 Enact Holdings shares at $35.49 on June 30, 2023.

Enact Holdings, Inc. (ACT) has announced that 10% owner Genworth Holdings, Inc. has sold 691,152 shares at a price of $35.49 per share on June 30, 2023.

Title: Genworth Financial's Share Sale and Enact Holdings' Stock Performance

On June 30, 2023, Genworth Financial, Inc. (NYSE:GNW) announced that its 10% owner, Genworth Holdings, Inc., sold 691,152 shares at a price of $35.49 per share. This sale comes amidst significant market activity and recent stock performance trends for both Genworth Financial and Enact Holdings, Inc. (ACT).

Genworth Financial, Inc. provides mortgage and long-term care insurance products in the United States and internationally. It operates through three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The company's stock has seen notable activity, reaching a new 52-week high of $7.92 on June 23, 2025, and trading at $7.89 as of the latest data [2].

Enact Holdings, Inc. (ACT), a subsidiary of Genworth Financial, offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans. ACT's stock has also shown strong performance, with shares hitting a 52-week high of $35.49 on June 30, 2023 [3].

Key Points

1. Genworth Financial's Share Sale:
- Genworth Holdings, Inc. sold 691,152 shares at $35.49 per share.
- This sale reflects a strategic move by Genworth Holdings, Inc. to potentially reduce its holding in Genworth Financial, Inc.

2. Market Performance:
- Genworth Financial's stock has been trading at a new 52-week high, indicating investor confidence in the company's performance.
- Enact Holdings, Inc.'s stock has also seen significant growth, reaching a 52-week high on the same day as the share sale announcement.

3. Analyst Sentiment:
- While Genworth Financial has a Buy rating among analysts, top-rated analysts believe other stocks may offer better returns [2].

4. Financial Indicators:
- Genworth Financial has a debt-to-equity ratio of 0.16, a quick ratio of 0.29, and a current ratio of 0.29 [2].
- Enact Holdings, Inc. has outperformed its peers in the mortgage insurance sector, with a capitalization of $6.67 billion and a price-to-book value of 1.3X [3].

Conclusion

The sale of shares by Genworth Holdings, Inc. and the recent market performance of both Genworth Financial and Enact Holdings, Inc. reflect a dynamic investment environment. While Genworth Financial's stock has shown strong performance, investors should consider the broader market trends and analyst sentiments before making investment decisions.

References

[1] https://finance.yahoo.com/quote/GNW/
[2] https://www.marketbeat.com/instant-alerts/genworth-financial-nysegnw-reaches-new-1-year-high-should-you-buy-2025-06-23/
[3] https://www.nasdaq.com/articles/mtg-hits-52-week-high-time-add-stock-better-returns