The scale of Genworth’s sale suggests a strategic reduction in its position, which could signal reduced confidence or portfolio rebalancing. Traders should monitor for follow-on selling and potential downward pressure on the stock, especially if Genworth continues to exit.
Price Chart
Executive Summary
Two open-market sales totaling $17.2 million occurred in the past seven days, including a $380,000 sale by EVP Michael Derstine and a $16.8 million sale by Genworth Holdings, Inc. The Genworth sale represents the vast majority of the volume and value, indicating a significant shareholder reducing its stake.
Key Financial Metrics
Key Facts
- EVP and Chief Risk Officer Michael Derstine sold 9,000 shares for $379,917 in an open-market transaction.
- Genworth Holdings, Inc. sold 398,731 shares for $16,823,537.46 in an open-market transaction.
- Total insider selling in the past 7 days: $17.2 million.
- Genworth's sale accounts for 97.8% of the total value in the cluster.
- All transactions were open-market sales (codes S), indicating active divestment.
Financial Impact
$17.2 million in total open-market sales, with Genworth's sale alone representing ~0.28% of Enact's $5.9B market cap
Risk Factors
- Large shareholder (Genworth) may continue selling, leading to further price pressure.
- Insider selling by a C-suite executive, while small in comparison, may amplify negative sentiment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-ACT-1772658447417 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 10w ago | Institutional Cluster | $49.38 $49.50 | ▼ −0.24% | ▼ −2.14% | $48.16 (+2.47%) |
Jun 3, 2026 20w ago | Insider Cluster | $40.95 $45.34 | ▲ +10.72% | ▲ +12.09% | $48.16 (+17.61%) |
May 5, 2026 24w ago | 8-K | $43.06 $40.57 | ▼ −5.78% | ▼ −8.56% | $48.16 (+11.84%) |
May 5, 2026 24w ago | Press Release | $43.06 $40.57 | ▼ −5.78% | ▼ −8.56% | $48.16 (+11.84%) |
Mar 25, 2026 30w ago | Press Release | $40.30 $43.91 | ▲ +8.96% | ▲ +1.10% | $48.16 (+19.50%) |
Mar 25, 2026 30w ago | DEFA14A | $40.30 $43.91 | ▲ +8.96% | ▲ +1.10% | $48.16 (+19.50%) |
Feb 27, 2026 34w ago | Insider Cluster | $41.84 $40.17 | ▼ −3.99% | ▲ +3.56% | $48.16 (+15.11%) |
Feb 27, 2026 34w ago | Insider Cluster | $41.84 $40.17 | ▲ +3.99% | ▼ −3.56% | $48.16 (−15.11%) |
US Market Status
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