Enact Holdings shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results. Additionally, the company announced a new $100 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Enact Holdings reported better-than-expected Q2 adjusted EPS results and announced a new $100 million share repurchase program, leading to a rise in its share price.
August 04, 2023 | 11:49 am
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POSITIVE IMPACT
Enact Holdings' better-than-expected Q2 results and new share repurchase program are likely to boost its stock price in the short term.
Enact Holdings' strong Q2 results and the announcement of a new share repurchase program are positive news for the company. This is likely to increase investor confidence and demand for the stock, leading to a potential increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100