Professional
Added to YB: 2024-11-20
Pitch date: 2024-11-13
GNW [bullish]
Genworth Financial, Inc.
+25.68%
current return
Author Info
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Company Info
Genworth Financial, Inc., together with its subsidiaries, provides mortgage and long-term care insurance products in the United States.
Market Cap
$3.5B
Pitch Price
$7.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.50
P/E
17.57
EV/Sales
0.65
Sector
Insurance
Category
special_situation
Show full summary:
Seven Corners Capital Portfolio Holding: Genworth Financial, Inc.
GNW: 15% position, trades 30% below value of 81% ACT stake. Long thesis: separate ACT stake from unprofitable LTC/L&A ops. Potential L&A value unlock via de-stacking. Active stock buybacks. Trading at $3.5B EV vs $4.6B ACT stake value. Corporate governance issues persist. Cost basis $3.75, up 2.2% YTD 2024.
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