Genworth Financial Unveils $350 Million Share Buyback Program
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
New Share Repurchase Program: Genworth Financial's Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $350 million of its common stock, in addition to the remaining $16 million from its existing $700 million program.
Funding and Future Considerations: The new repurchase program will be funded by cash from the holding company and is based on projected cash flows from Enact Holdings, Inc. Future expansions of the program may depend on the outcomes of ongoing litigation with AXA S.A. and Santander Cards UK Limited.
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Analyst Views on ACT
Wall Street analysts forecast ACT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACT is 42.25 USD with a low forecast of 40.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 40.140
Low
40.00
Averages
42.25
High
45.00
Current: 40.140
Low
40.00
Averages
42.25
High
45.00
About ACT
Enact Holdings, Inc. operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation, a private mortgage insurance provider. The Company is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust, or other instruments constituting a lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions. Fannie Mae and Freddie Mac are government-sponsored enterprises.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enact Holdings Schedules Q4 2025 Earnings Release for February 3, 2026
- Earnings Release Schedule: Enact Holdings will issue its Q4 2025 earnings report after market close on February 3, 2026, which is expected to provide critical financial data for assessing the company's performance.
- Conference Call Details: The company will host a conference call on February 4, 2026, at 8:00 a.m. (ET) to review the fourth-quarter financial results, enhancing communication and transparency with investors.
- Participant Registration Requirement: Investors interested in joining the call must pre-register to obtain a dial-in number and unique PIN, ensuring smooth proceedings and increasing participation.
- Webcast and Archiving: The event will be available via live webcast on the company’s website and archived for one year, allowing investors who cannot attend in real-time to access the information later, thereby improving information accessibility.
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Enact Holdings Schedules Q4 2025 Earnings Release and Conference Call
- Earnings Release Schedule: Enact Holdings will issue its Q4 2025 earnings report after market close on February 3, 2026, showcasing the company's latest financial performance in the private mortgage insurance sector.
- Conference Call Timing: The company will hold a conference call on February 4, 2026, at 8:00 a.m. (ET) to analyze the earnings results and answer investor questions, enhancing engagement with shareholders.
- Participation Requirements: Participants are required to pre-register to obtain a dial-in number and unique PIN, with a recommendation to join at least 15 minutes early to ensure smooth participation in the Q&A session, thereby improving investor experience.
- Webcast and Archiving: The event will be available via live webcast on the company’s website and archived for one year post-event, allowing investors who cannot attend live to access the information at their convenience, thus enhancing transparency.
Continue Reading