Enact Holdings Inc. (ACT) experienced a significant price surge of 5.53% during intraday trading on Wednesday. The sharp upward movement in the mortgage insurer's stock price followed the company's announcement of substantial capital return initiatives to shareholders.

The company unveiled a new US$500 million share repurchase program and entered into a share buyback agreement with Genworth Financial. Management also reaffirmed its commitment to shareholder returns by maintaining the quarterly dividend of US$0.21 per share. These moves highlight Enact Holdings' disciplined capital management strategy and confidence in its financial position.

The announcement comes alongside the company's Q4 2025 results, which showed revenue of US$312.71 million and diluted earnings per share of US$1.22, representing improvements from US$301.78 million and US$1.05 respectively in the same period a year earlier. For the full year, Enact reported revenue of US$1.24 billion and net income of US$674.24 million, supporting the company's ability to fund these shareholder return programs while maintaining its core mortgage insurance operations.