Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Common Stock
Our common stock is listed on the Nasdaq Stock Market under the symbol “ACT.” As of February 24, 2026, we had 4 registered holders of record of our common stock.
Issuer Purchases of Equity Securities
The table below sets forth information regarding repurchases of our common shares during the three months ended December 31, 2025:
Period
(Dollar amounts in thousands except per share amounts)
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased under Plans or Programs (1)
October 1 - October 31, 2025 1,158,693 $ 36.19 1,158,693 $ 145,832
November 1 - November 30, 2025 1,090,729 $ 37.37 1,090,729 $ 105,071
December 1 - December 31, 2025 1,114,386 $ 39.47 1,114,386 $ 61,082
Total 3,363,808 $ 37.66 3,363,808 $ 61,082
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(1) On April 30, 2025, we announced the authorization of a share repurchase program that allows for the repurchase of up to $350 million of EHI’s common stock. Subsequent to year end, on February 3, 2026, we announced the authorization of a new share repurchase program that allows for the repurchase of up to an additional $500 million of EHI’s common stock. The share repurchase programs have no expiration date.
Subsequent to year end, the Company purchased 784,389 shares at an average price of $39.37 per share through January 31, 2026.
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Stock Performance Graph
The graph below compares the cumulative total stockholder return of an investment in (i) our common shares, (ii) the Russell 2000 Index, (iii) the S&P 500 and (iv) a composite peer group consisting of Essent Group Ltd., MGIC Investment Corporation, NMI Holdings, Inc., and Radian Group Inc, for the period from September 16, 2021 (the date our common shares commenced trading on the Nasdaq Stock Market) through December 31, 2025. We selected the members of this peer group because each is a competitor of ours in the private mortgage insurance industry with a relatively similar market capitalization.
September 16, 2021 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025
Enact Holdings, Inc. $100.00 $106.61 $132.49 $166.54 $190.95 $239.06
Russell 2000 $100.00 $100.89 $80.27 $93.86 $104.69 $118.10
S&P 500 $100.00 $106.94 $87.57 $110.59 $138.26 $162.98
Peer Group $100.00 $98.97 $90.52 $133.21 $154.79 $186.20
Dividends
The Company has paid a regular quarterly dividend since the second quarter of 2022. We paid a dividend of $0.16 per share in the first quarter of 2024 and dividends of $0.185 per share in the second, third and fourth quarters of 2024. We paid a dividend of $0.185 per share in the first quarter of 2025 and dividends of $0.21 per share in the second, third and fourth quarters of 2025. We have declared a dividend of $0.21 per share to be paid during the first quarter of 2026. We intend to continue to pay regular quarterly cash dividends under the current program. See “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional information on dividends.
Item 6. [Reserved]
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