Enact Holdings Inc

ACT has entered a Stage 3 distribution regime after a high-volume blow-off top and bearish engulfing rejection. While the long-term trend remains up, the medium-term context is bearish as Stage 3 distribution and the active blow-off top pattern signal unsustainable buying pressure. Price is extended above the 9- and 21-EMA in extreme overbought territory, making rallies into the upper wick resistance zone the optimal sell opportunity. Timing now favors immediate execution on rejection at the blow-off high.

• ↑Adjusted operating income rose 10% YoY to $172 M ($1.21/share) in Q1 2026.
• ↑Guided ~$500 M capital returns in 2026; dividend increased 14%.
• ↓Growth factor flagged negative; new insurance written down 11% sequentially.